ISLAMABAD - Pakistan gets a big favour from Saudi Arabia which would go a long way in overcoming the current economic crisis in the country.
Saudi Arabia has decided to give Pakistan much needed oil on the deferred payment for five years.
Federal Minister for Petroleum Ghulam Sarwar Khan has confirmed Pakistan’s plan to take oil from Saudi Arabia on credit for five years.Ghulam Sarwar said the authorities in Saudi Arabia have agreed to Pakistan’s request for oil.
The petroleum minister’s statement came following reports, according to which Pakistan has asked Saudi Arabia for a daily oil supply of 200,000 barrels for five years.
It was also said that oil supply on credit was sought for 90 days. However, Ghulam Sarwar told the assembly that Pakistan has made the request for five years.