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Pakistan to get $3b from S. Arabia shortly: Envoy

ISLAMABAD: Nawaf Saeed Al-Malki, the Saudi envoy at this diplomatic post, has informed that Pakistan will be getting the first tranche of $3b in a few days.

It is pertinent to mention here that Pakistani Prime Minister recently met Saudi King in order to persuade him to provide deferred payment facility for the import of oil worth $3b and an aid of $3b to address balance-of-payments crisis Pakistan is currently facing. 

Ambassador Malki has informed that Saudi companies wanted to invest six to eight billion dollars in order to facilitate projects regarding the establishment of an oil refinery here. 

 

 

 

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.