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FinancialNews
26-05-19
KSA to activate deferred payment for oil products facility to Pakistan
(MENAFN) Saudi Arabia decided to provide petroleum products facility to Pakistan on the deferred payment valued at USD275 million monthly.
Effective July 1st, Saudi Arabia will be supplying the oil products facility over a three-year period at USD3.2 billion.
Through the move, Pakistan will see reinforced performance in its balance of payments position.
Crown Prince Muhammad Bin Salman received gratitude from Pakistani Adviser to the Prime Minister on Finance Abdul Hafeez Sheikh on his endorsement for Pakistan.
During a trip the crown prince made to Pakistan, a deal was signed for oil facility on deferred payment valued at as much as USD3 billion.
MENAFN2505201900450000ID1098570330
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