ISLAMABAD, Feb 16 (APP):Pakistan and Saudi Arabia would sign $3 billion agreement for supply
of oil on deferred payments, during the visit of Crown Prince, Deputy Prime Minister and Minister of Defence of the Kingdom of Saudi Arabia
Prince Mohammed bin Salman, starting on Sunday, February 17.
Finance Ministry Spokesman, Dr. Khaqan Najib, while talking to a private
television channel here said that arrangements for signing the agreement have already
been finalized.
He said that under the agreement, Pakistan would get facility of
importing oil of $250 million per month on deferred payments.
He said that this facility would help Pakistan maintain balance of payments.
The spokesman said that Pakistan had already received $3 billion from Saudi Arabia to
address balance of payment issue.