Pakistan has received a $4.2 billion lifeline from Saudi Arabia, a day after Prime Minister Imran Khan returned from a three-day visit to the Kingdom to attend the Saudi Crown Prince’s Middle East Green Initiative.
According to the Saudi Press Agency, the Saudi financial package comprises $3 billion in cash and $1.2 billion in oil delivery on a deferred payment basis.
“In a ‘kind gesture,’ the Saudi Fund for Development announced a deposit of $3 billion with the State Bank of Pakistan to assist the government in maintaining its foreign currency reserves and mitigating the impact of the Corona pandemic.”
