Saudi Arabia and China $12 billion assistance has taken Pakistan out of balance of payment crisis
ISLAMABAD - Pakistan has come out of a balance-of-payments crisis, after Saudi Arabia and China equally filled a gap of $12 billion in its payments.
Finance Minister Asad Umar has revealed.
He said in a joint press conference with Foreign Minister Shah Mehmood Qureshi.
The finance minister said that a high-level delegation,which will also include the State Bank governor, will be visiting China on November 9.
"A decision has been made in principle and the November 9 meeting is to ascertain its features," he said, while speaking of a financial assistance deal with Beijing.