Tag: foreign reserves
-
Saudi Arabia Extends $1 Billion Oil Facility to Pakistan as Deposits Are Rolled Over
Saudi Arabia Pledges $1 Billion Oil Financing Facility to Pakistan In a move that underscores the strengthening economic ties between Saudi Arabia and Pakistan, Riyadh has pledged to extend a $1 billion oil financing facility to Pakistan for the 2025–26 fiscal year. Finance ministry officials in Islamabad said the commitment will help Pakistan meet its…
-
Saudi Arabia Pledges Pakistan $1 Billion Oil Facility and Rolls Over $5 Billion in Deposits
Saudi Arabia Extends $1 Billion Oil Financing Facility to Pakistan In a move that underscores growing financial and strategic cooperation, Saudi Arabia has pledged to extend a $1 billion oil financing facility to Pakistan for the 2025–26 fiscal year. The commitment, announced by officials from Pakistan’s Ministry of Finance on Monday, is intended to help…