Saudi Arabia rescues Pakistan yet again

Saudi Arabia rescues Pakistan yet again

*ISLAMABAD: Saudi Arabia has agreed to extend helping hand to Pakistan in difficult economic situation, citing sources.*

According to sources, after high level official contacts the kingdom will likely to provide oil, worth up to $3 billion on credit to Pakistan.

Prime Minister Imran Khan has been informed about the development over the matter, sources said.

Riyadh will provide Islamabad deferred payment facility for import of oil, worth up to $3 billion.

An agreements in this regard was signed during the visit of Prime Minister Imran Khan to Saudi Arabia to attend the Future Investment Initiative (FII) conference, a trip he undertook on the invitation of King Salman bin Abdul Aziz Al-Saud.