Pakistan signs agreement to defer USD 1.2 billion payment for Saudi oil
Tuesday, 4 February 2025
Pakistan and Saudi Arabia have signed agreements including a USD 1.2 billion deferred payment for oil imports and a USD 41 million water supply project. This deal aims to bolster Pakistan's economy by ensuring a steady petroleum supply while easing immediate fiscal pressures. Prime Minister Shehbaz Sharif and Saudi dignitaries witnessed the signing.
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