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

[Kabira]

No. Pakistan wanted this since the era of Musharaf and we kept waited for years until CPEC finally started to have a shape. This is a strategic move where every stake holder in Pakistan, Govt and Army on the same page. I mean not just PTI but every Govt and Army. This current PTI govt only expedited the process.

Pakistan may have wanted that but no investor came forward with $5 billion.

 

[BHarwana]

@BHarwana 12 billion? Is it true? If it is, then its brilliant news

It is $6 billion my friend. In terms of oil and direct payments. If you count in refinery then the whole money will go up so let's wait for whole details to calculate the actual amount but to make it simple we will have enough for 3 years to run our trade and fix our economy with wise policies.

 

[Hiraa]

It is $6 billion my friend. In terms of oil and direct payments. If you count in refinery then the whole money will go up so let's wait for whole details to calculate the actual amount but to make it simple we will have enough for 3 years to run our trade and fix our economy with wise policies.

Thankyou.

Still excellent news.

 

[Tps43]

Thats BS

We need money for the dam.

We cannot Drink oil gas Gold or copper.

Mulk banjar karke ab khood rahe hain.

Wooh 400 billion $ zardari wale dalen ge

 

[Kabira]

It is $6 billion my friend. In terms of oil and direct payments. If you count in refinery then the whole money will go up so let's wait for whole details to calculate the actual amount but to make it simple we will have enough for 3 years to run our trade and fix our economy with wise policies.

There is no magic wand that will fix economy. Pakistan will have to earn $$ some how to pay back foreign loans.

 

[Indus Pakistan]

ow you believe bro?

Yes. Of course I do. Now it is not bird in bush but two birds in hand. Congrats to all Pakistanio. And thank you to Saudia Arabia. Where is @saif-al Arab?

To show that my views are always driven by realpolitik and Pakistan's self interest, if KSA now asks for help in Yemen I would certainly support a combat battalion being sent to show support to the Saudi coalition. This trip was successful and much respect to PM IK and his team. They have effectively bought a financial cushion worth $6 billion.

 

[Knight Rider]

In Trump's own words: YUGE news!

Where are the khanzeer Nawazoo and Zardari at? LOL

Busy preparing for a motion in assembly against the Prime Minister to save their corruption money.

The Vote of no Confidence Movement !!!!!

Horse Trading will be at its peak !!!! Shame !!! Shame !!!

 

[war&peace]

No what you are saying is totally opposite, loan such as 15 Billion dollar from IMF we will be able get lower interest rate rather than getting 8 Billion dollars from IMF with high interest rate.

No, it isn't.

 

[AZ1]

There is no magic wand that will fix economy. Pakistan will have to earn $$ some how to pay back foreign loans.

Good you realize this Just few days ago everyone expecting magic wand from Imran to fix the economy and all of sudden people's narrative changed with this news.

 

[Indus Pakistan]

It is $6 billion my friend. In terms of oil and direct payments. If you count in refinery then the whole money will go up so let's wait for whole details to calculate the actual amount but to make it simple we will have enough for 3 years to run our trade and fix our economy with wise policies.

Yes, I agree. This is not going to fix Pakistan's problems. But it will give some space for Pakistan's problems to be fixed. The boat was about to sink below the waves. Now we have been lifted up and given time to fix it before it goes below the waves again.

I pray that PM IK and his team over the next three years carry out structural reforms and set Pakistan on long term recovery. This really is a golden opportunity. And we also need to congratulate Pm IK and his team. I was really worried that signature initiatives like 5 million housing etc would be shelved but now I can them being unfolded over the next few years.

Ps. Let us all hope that PM IK's trip to China and Malaysia are also rewarding.

 

[RIP Pak LAW]

It is $6 billion my friend. In terms of oil and direct payments. If you count in refinery then the whole money will go up so let's wait for whole details to calculate the actual amount but to make it simple we will have enough for 3 years to run our trade and fix our economy with wise policies.

Its actually $ 12 billion in 3 years.

1) $ 3 billion in Pakistani bank account for an year.
2) $ 3 billion Oil per year for 3 years (deferred payment). 3 *3 =9
Total = $ 12 billions for 3 years.

Though for first year its $ 6 billion[$ 3 billion in Pakistani account + $ 3 billion of Oil ( we will be paying its price later on]

@Hiraa

 

[MIRauf]

Still not enough to send troops for Yemen, for Yemen KSA and other GCC members need to cough up FDI in $hundreds Billions and $ for 48-72 EFT.

A military strong Pak with a strong economy is in the best interest of the GCC as well.

 

[Indus Pakistan]

Still not enough to send troops for Yemen

One infantry battalion seems about right, I think.

 

[MIRauf]

Sorry, perhaps my wording was not correct, I meant the current fiscal support is not enough to send troops for Yemen conflict, need much much bigger financial support package.

It's like you hear a faint knock on the door, but could just be the wind.

 

[Hareeb]

No what you are saying is totally opposite, loan such as 15 Billion dollar from IMF we will be able get lower interest rate rather than getting 8 Billion dollars from IMF with high interest rate.

Nope. Interest rates depends on the period you are going to pay the loan back as principle amount + interest = future value of money you borrow today. The longer the period, the higher the interest rate on money you borrow.
For short term, the interest rates are lower and for long term, the rates are higher.