Business

KSA to activate $3.2bn deferred payment facility for oil from July

ISLAMABAD: The Kingdom of Saudi Arabia (KSA) will activate a $3.2 billion deferred payment facility with Pakistan for petroleum products from the start of July, the Adviser to Prime Minister on Finance, Revenue, and Economic Affairs Dr Abdul Hafeez Shaikh said on Wednesday. According to Shaikh, the facility will be worth $275 million per month and will amount to $3.2...

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