Cash-strapped Pakistan gets USD 8 billion in financial support from Saudi Arabia

Cash-strapped Pakistan gets USD 8 billion in financial support from Saudi Arabia

Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.

Cash-strapped Pakistan gets USD 8 billion in financial support from 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 reported.

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

Saudi Arabia has agreed to provide Pakistan with a "sizeable package" of around $8 billion to help the cash-starved country bolster dwindling forex reserves and revive its ailing economy

Cash-strapped Pakistan Gets $8 Billion in Financial Support from Saudi Arabia

Pakistan had proposed doubling the oil facility from USD 1.2 billion to USD 2.4 billion and Saudi Arabia agreed to it

Cash-strapped Pakistan gets $8 billion in financial support from Saudi Arabia - Times of India

Pakistan News: ISLAMABAD: Saudi Arabia has agreed to provide Pakistan with a "sizeable package" of around $8 billion to help the cash-starved country bolster dwindli.

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

Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency