Saudi Ambassador speaks over issue of $3 billion assistance package delivery to Pakistan

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Saudi Ambassador speaks over issue of $3 billion assistance package delivery to Pakistan

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

He said Wednesday that Pakistan will receive the first instalment of Saudi aid amounting to $3 billion in the next few days to address its financial crisis.

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

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

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