Pakistan will receive $3.2 bn oil from Saudi Arabia on deferred payment


Pakistan will get around $3.2 billion oil on the deferred payment from Saudi Arabia.

The Kingdom of Saudi Arabia (KSA) will expand a $3.2 billion oil on deferred payment from the beginning of July, the PM’s Adviser on Finance Dr Abdul Hafeez Shaikh said.

The oil facility will be worth $275 million every month and will add up to $3.2bn every year for a time of three years, the monetary consultant said.

In a message posted via web-based networking media site Twitter, Dr Hafeez Shaikh thanked the Crown Prince of Saudi Arabia for his consistent help for the Pakistani people.

He additionally said the conceded installment office would help fortify Pakistan’s equalization of installments position as the Pakistan is suffering from an economic crisis.


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