Pakistan News

From Friendly Nations, Pakistan Receives The “Green Light” For A $8 Billion Package

August 5, 2022 / By Zunair Tahir / Pakistan News


ISLAMABAD: According to reliable sources cited by ARY News on Friday, friendly nations have given Pakistan the go-ahead to receive investment and money.

Sources in the finance ministry claim that there have been encouraging signs of a $8 billion economic package from friendly nations, with China, Saudi Arabia, the United Arab Emirates, and Qatar heading the pack.

They add that there has been tremendous progress in the talks between Pakistan and Saudi Arabia and that there is a chance that the oil facility might double with Saudi Arabia deferring payment.


READ MORE

The New National Anthem Will Be Released By The Government On August 14


The oil facility’s budget would rise from 1.2 billion to 2.4 billion dollars, and Saudi Arabia may provide safe deposits as well.

Ayesha Ghous Pasha, a minister of state, stated that although the friendly nation notified Pakistan in this respect, it would be making the formal statement.

She said that up to this point, China has rolled over $4.3 billion in debt, which includes $2.3 billion in commercial loans and $2 billion in deposits.

During the week that concluded on July 29, the State Bank of Pakistan’s (SBP) foreign exchange reserves fell by $190 million.

The State Bank of Pakistan now holds $8,385.4 million in foreign reserves, according to a breakdown provided by the central bank.


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (25) Apple Inc (15) Automotive Blogs (14) Automotive News (229) Automotive News Pakistan (20) Auto News (151) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (15) F1 (23) F1 News (11) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (377) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (78) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (69) Toyota (16) World News (15)

Comment

You Want To Have Your Favorite Car?

We have a big list of modern & classic cars in both used and new categories.

Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Additional information
Click outside to hide the comparison bar
Compare
X