Times of Islamabad

Saudi Arabia and China 12 billion assistance has taken Pakistan out of balance of payment crisis

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, afterSaudi 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 MehmoodQureshi.

The finance minister said that a high-level delegation,which will alsoinclude the State Bank governor, will be visiting China on November 9.

“A decision has been made in principle and the November 9 meeting is toascertain its features,” he said, while speaking of a financial assistancedeal with Beijing.