Tag: Future Investment Initiative
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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…
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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…
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Saudi Arabia commits $1 billion oil facility to Pakistan, renews deposits amid strategic ties
Saudi Arabia boosts Pakistan’s energy and financial resilience Saudi Arabia has pledged a $1 billion oil financing facility to Pakistan for the current 2025–26 fiscal year, alongside rolling over $5 billion in deposits with the State Bank of Pakistan. The announcements, confirmed by Pakistani finance ministry officials, underscore Riyadh’s continued support for Pakistan’s energy needs…