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Pakistan Secures $1.2 Billion Oil Payment Deferral from Saudi Arabia
Pakistan Secures $1.2 Billion Oil Payment Deferral from Saudi Arabia

In a major financial relief ahead of its upcoming review with the International Monetary Fund (IMF), Pakistan has signed an agreement with the Saudi Fund for Development (SFD) to defer by one year a $1.2 billion payment on its oil imports. is expected to help Islamabad bolster its foreign reserves and stabilize its economic position. […]

World

05-02-2025

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