ISLAMABAD – Pakistan seeks yet another breathing space of $3 billion frombrotherly Islamic country.

Pakistan has asked United Arab Emirates (UAE) for providing similar kind ofoil facility on deferred payment up to $3 billion on the basis of 365 daysas being finalised by Kingdom of Saudi Arabia.

Islamabad also made request to UAE for placing same terms and conditions asbeing done by KSA for providing oil facility on deferred payment.

“We have requested to UAE for providing similar oil facility on deferredpayment as being finalised by KSA as currently payment is made onconsignment basis after a month but now under the proposed mechanism thepayment will be made after 365 days,” top officials of PTI governmentdisclosed to The News here on Saturday.

This kind of breathing space if agreed to provide by UAE will helpIslamabad to negotiate a better deal with the IMF. Pakistani authoritiesare expecting some positive outcome within this ongoing month on proposedfinancial package from all bilateral donors especially from Arab friends,said the official.