Saudi Arabia to provide $4.2 Billion Financial Aid to Pakistan.

Business

Pakistan has received a $4.2 billion lifeline from Saudi Arabia, a day after Prime Minister Imran Khan returned from a three-day visit to the Kingdom to attend the Saudi Crown Prince’s Middle East Green Initiative.

According to the Saudi Press Agency, the Saudi financial package comprises $3 billion in cash and $1.2 billion in oil delivery on a deferred payment basis.

“In a ‘kind gesture,’ the Saudi Fund for Development announced a deposit of $3 billion with the State Bank of Pakistan to assist the government in maintaining its foreign currency reserves and mitigating the impact of the Corona pandemic.”

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