Sunday, May 1, 2022

Cash-strapped Pakistan gets $8 bn in financial support from Saudi Arabia

Pakistan secured the deal during the visit of Prime Minister Shehbaz Sharif to Saudi Arabia. The financial package includes doubling of the oil financing facility, additional money either through deposits or Sukuks and rolling over of the existing USD 4.2 billion facilities., The News newspaper reported.

from Economic Times https://ift.tt/CvbO7ln

No comments:

Post a Comment

Oil prices may face further pressure amid OPEC+ supply glut: Seth R Freeman

Seth R Freeman of GlassRatner Advisory notes India's role in stabilizing oil prices by purchasing discounted Russian oil amidst tariff a...