Business

Saudia To lend Pakistan Oil Worth of $3.20 Billion: Hafeez Sheikh

Saudi Arabia once again has come forward to help Pakistan in the bad economic conditions of the country as it will lend oil of worth $ 3.20 billion every year up to three years.
Advisor Finance Dr. Abdul Hafeez Shiekh in his first ever tweet on the social media site twitter informed about the good news that brotherly country Saudi Arabia will lend Pakistan Oil of worth $3.20 billion.

1/. Would like to Thank The Crown Prince of Saudi Arabia, His Highness Muhammad Bin Salman for his continuous support for the people of Pakistan.
— Dr. Abdul Hafeez Shaikh (@a_hafeezshaikh) May 22, 2019
The advisor Finance also informed that Saudi Arabia will start giving oil to Pakistan from July first of this year.
“It is good news which is the result of Saudi crown prince visit to the Country,” he said.
He thanked the Saudi government from behalf of the Pakistani nations over unwavering support to the country.
Dr. Abdul Hafeez Shiekh said that with the help Pakistan balanced of Payment situation will be improved.