Pakistan likely to get $2 billion economic assistance from Saudi Arabia: Sources
ISLAMABAD - Pakistan is likely to get $2 billion petroleum products from Saudi Arabia on deferred payments for two years, sources revealed on Monday.
Pakistan formally requested Saudi Arabia to provide 0.2-million-barrel oil per day on deferred payments for as much as three months, besides $2 billion worth of oil supply for at least two years, according to sources.
It is pertinent to mention here that Pakistan can get the same facility from the United Arab Emirates if Saudi Arabia agrees to provide oil on credit, as Pakistan imports oil worth $4.75 billion from UAE annually.
Sources in the Ministry of Energy revealed that during the talks, Saudi investors expressed keen interest to invest in the power sector of Pakistan.