Saudi Arabia Offers Pakistan $6 Billion Economic Rescue Package

[TomSea]

Saudi Arabia Offers Pakistan $6 Billion Economic Rescue Package

Pakistan’s government says Saudi Arabia has agreed to give Islamabad $3 billion in foreign currency support for a year, as well as a $3 billion loan in deferred oil import payments, to help ease Pakistan’s economic crisis.

The $6 billion rescue package exceeds forecasts by analysts and is expected to reduce the size of any bailout from the International Monetary Fund (IMF) that Pakistan is currently negotiating.

The Saudi offer came as Pakistani Prime Minister Imran Khan attended an investment conference in Saudi Arabia that has been boycotted by other leaders over the killing of a dissident Saudi journalist at the country's consulate in Istanbul.

Read more at: https://www.rferl.org/a/saudi-arabia-offers-pakistan-6-billion-economic-rescue-package/29560029.html