ISLAMABAD: Saudi Arabia once again has come forward to help Pakistan in the bad economic conditions of the country as it will lend oil of worth $ 3.20 billion every year up to three years.
Advisor Finance Dr. Abdul Hafeez Shiekh in his first ever tweet on the social media site twitter informed about the good news that brotherly country Saudi Arabia will lend Pakistan Oil of worth $3.20 billion.
The advisor Finance also informed that Saudi Arabia will start giving oil to Pakistan from July first of this year.
2./ From 1st July 2019 KSA is activating the deferred payment for petroleum products facility of US$ 275mn per month amounting to US$3.2 Billion per year for 3 years. This will strengthen Pakistan's Balance of Payments position.
— Dr. Abdul Hafeez Shaikh (@a_hafeezshaikh) May 22, 2019
“It is good news which is the result of Saudi crown prince visit to the Country,” he said.
He thanked the Saudi government from behalf of the Pakistani nations over unwavering support to the country.
Dr. Abdul Hafeez Shiekh said that with the help Pakistan balanced of Payment situation will be improved.
