ISLAMABAD – Saudi Ambassador to Pakistan Nawaf Saeed Al-Malki has spokenover the issue of financial assistance package for Pakistan.

He said Wednesday that Pakistan will receive the first instalment of Saudiaid amounting to $3 billion in the next few days to address its financialcrisis.

The Kingdom of Saudi Arabia would release the amount of $3 billion in termsof the balance of payment, the envoy stated in a short interview with aprivate news channel.

In addition to this, the envoy confirmed that the Saudi government wouldprovide deferred payment facility for the import of oil, worth up toanother $3 billion.

“The Saudi companies are keen to invest a huge amount of around $6-8billion for establishing an oil refinery in Pakistan,” he added.