Saudia Arabia Restarts Deferred Oil Payment For Pakistan

Saudia Arabia restarted the deferred oil payment facility for Pakistan worth $3.6 billion.

The Federal Minister for Finance and Revenue Shaukat Tarin said that “Saudi Arabia has agreed $150 million credit on a monthly basis for providing oil facility on deferred payment. It will provide $3.6 billion in cash for two years for allowing Islamabad to purchase oil from anywhere for meeting its requirements.”

Advisory Services.