Just to prevent from any further degradation of Foreign currency reserves, it’s been decided by Pakistan to to demand an additional package of $3.2 billion from Saudia Arabia, throughout the throughout the upcoming tour of Prime minister Shahbaz Sharif. Boosting the overall capability to an amount of $7.4 billion increasing from $4.2 billion.
The Prime Minister Shahbaz Sharif will be preparing a visit for three days to Saudia Arabia, on Thursday on the Invitation of Crown Prince of Saudia Arabia, (KSA) Mohammed bin Salman bin Abdul Aziz.
“We are going to make a request, that the Kingdom of Saudi Arabia increases the down payment from the amount of $3 billion to $5 million, and increase the Saudi Oil Facility two Times more, from an amount of $1.2 billion to $2.4 billion raising the average package up to $7.4 billion, throughout the visit of Prime Minister Shahbaz Sharif” it was being revealed on the News by the official sources on Wednesday.
One of the leading Officials from the Finance Division was being asked about anticipated package from Saudia Arabia, he answered that “We are Demanding a loan repayment facility and enhancing the credit offered for Foreign Exchange Support.”
