Saudi Arabia Set to Double Oil Facility for Pakistan

  • by Sharoon Jan
  • 7 days ago
  • News
  • 1
Saudi Arabia Set to Double Oil Facility for Pakistan

Pakistan is likely to get the additional facilities on delayed payments to Saudi Arabia and the oil facility is likely to increase from $1.2 billion to $2.4billion.

According to officials of the Ministry of Finance significant progress has been made in talks between Pakistan and Saudi Arabia. As Saudi Arabia has expressed its support for providing additional oil facilities to Pakistan on deferred payment.

Official of Ministry of Finance said that the oil facility is likely to increase from $1.2billion to $2.4 billion.

Sources said that at present Pakistan is being supplied with loan oil worth $100million per month by Saudi Arabia. If the package is extended Pakistan will be provided with loan oil worth 300 million dollars per month.

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