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

Asian shares start cautiously, dollar edges down

Asian shares opened cautiously amid anticipation of fresh trade news influencing US asset demand. The dollar weakened as trade tensions and ...