Pakistan secured a $1.2 billion oil import deal and a $41 million water project loan from Saudi Arabia.

Pakistan signed a $1.2 billion deferred payment agreement with the Saudi Fund for Development (SFD) for oil imports over a year, aiming to secure a stable supply of petroleum and ease fiscal pressures. The SFD also agreed to provide a $41 million loan for a water scheme in Mansehra, benefiting 150,000 people. These agreements, witnessed by Prime Minister Shehbaz Sharif and SFD CEO Sultan Abdulrahman Al-Marshad, aim to strengthen economic ties between the two countries.

2 months ago
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