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Pakistan goes green signal for $8 billion package from friendly countries

ISLAMABAD: Pakistan gets green light signal like a friend countries to provide investment and funding, ARY News reports. on Friday, citing authoritative sources.

There are positive signs, according to finance ministry sources. of economic package worth 8 billion dollars from friendly countries among these friendly countries China, Saudi Arabia, United Arab Emirates and Qatar leading.

They go on to say that significant progress was made in negotiations between Pakistan and Saudi Arabia, and there is a possibility of doubling the tank farm on deferred payment from Saudi Arabia.

The oil loan will increase from $1.2 billion to $2.4 billion, there is also Possibility of receiving safe deposits from Saudi Arabia.

Minister of State of Ayesha Ghous Pasha said sister country informed Pakistan in in this regard, but official announcement will be made this.

Read more: Foreign currency: SBP reserves down from 190 million to 8.38 billion dollars

She said China has been rolling so far over $4.3 billion in debt, including $2.3 billion. in commercial loans and $2 billion. in deposits.

At the same time, foreign exchange reserves of National Bank of Pakistan (SBP) declined by $190 million in the week ending on July 29.

Split break-up of state of foreign exchange reserves, central bank stated that the reserves of the State Bank of Pakistan is $8,385.4 million.

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Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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