Tag: Sizeable Package

Islamabad : Saudi Arabia has agreed to provide Pakistan a “sizeable package” of around $8 billion to help revive the country’s ailing economy amid the maiden trip of Prime Minister Shehbaz Sharif to the kingdom. The package includes doubling of the oil financing facility, additional money either through deposits or Sukuks and rolling over of the existing $4.2 billion facilities, according to a report published in The News. “However, technical details are being worked out and will take a couple of weeks to get all documents ready and signed,” top official...