Saudia Arab to set Oil Refinery in Pakistan, lend $ 3 Billions dollars & Oil on deferred payment

[RIP Pak LAW]

PM Office official statement:

1) Saudia Arab to set a major Oil Refinery in Pakistan
2) Lend $ 3 Billions dollars into Pakistani bank for 1 year to boost dollar reserves. That money won't be used.
3) Oil on deferred payment for 3 years.

Successful trip!

 

[RIP Pak LAW]

Also major Saudi investors to visit Pakistan very soon. Many Govt to Govt deals to be signed in upcoming months (investment point of view).

 

[RangeMaster]

MOU Signed between Asad Umar and Saudi finance minister.

https://twitter.com/x/status/1054754677995266049

 

[Maxpane]

Is it official sir?

 

[RIP Pak LAW]

Is it official sir?

News just in:

https://www.dawn.com/news/1440860/s...billion-to-address-balance-of-payments-crisis

Also Saudis are interested to do investment in Pakistan's mineral reserves. Gold and copper mines.

 

[Hiraa]

This trip brought $3 Billion dollars job well done

 

[RangeMaster]

MOU for refinery will be signed after obtaining cabinet approval.

https://twitter.com/x/status/1054755203956781056

 

[313ghazi]

Good news. We should try and take advantage of this opportunity KSA has offered us.

 

[RIP Pak LAW]

If Saudis want to butcher any other journalist, than they are more than welcome in their Islamabad embassy :p

 

[313ghazi]

If Saudis want to butcher any other journalist, than they are more than welcome in their Islamabad embassy :p

They're welcome to some of ours.

 

[Kabira]

Will still need IMF but with better conditions perhaps after this.

 

[RIP Pak LAW]

They're welcome to some of ours.

Ya Habibi !

 

[Hiraa]

Will still need IMF but with better conditions perhaps after this.

I guess the conditions put by IMF won’t be stern like before.

 

[RIP Pak LAW]

Will still need IMF but with better conditions perhaps after this.

Of course. We need around $ 12 billion dollars.

 

[Hareeb]

It's $6 billion in aid: $3 billion for deferred payments of oil and $3 billion to boast reserves.

PM Office official statement:

1) Saudia Arab to set a major Oil Refinery in Pakistan
2) Lend $ 3 Billions dollars into Pakistani bank for 1 year to boost dollar reserves. That money won't be used.
3) Oil on deferred payment for 3 years.

Successful trip!

Moreover, both sides agreed to lower working visa fee for Pakistanis.