Islamabad: Saudi Arabia has started delivering oil to Pakistan on deferred payment.
As per sources from economics affairs division, Pakistan will get oil worth of 500 million dollars in this month on credit facility.
The country has received oil amounting to 307 million dollars so far.
It is pertinent to mention here that brotherly gulf country is providing oil to Pakistan on credit with a period of one year.
Pakistan will deliver the payment after one year with interest of 3 percent. Saudi Arabia has brokered a deal with Pakistan to provide 1.5 billion dollars worth oil yearly on credit facility.