Saudi support package

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Pakistan hopes to improve current account deficit with ‘operationalization’ of Saudi oil facility

$4.2 billion Saudi package, including $1.2 billion oil facility, was agreed during PM Khan’s visit to Riyadh last October
In December, Pakistan received $3 billion loan but oil facility yet to be put into use, Saudi loan will be for a year at 4 percent interest

By KHURSHID AHMED · 04 February 2022