News > Pakistan secures USD 8 billion package from Saudi Arabia amid sinking economy

Pakistan secures USD 8 billion package from Saudi Arabia amid sinking economy

ANI News | 01/05/2022 12:19 PM | Click to read full article

Pakistan, which is grappling with an economic slump, has secured a "sizeable package" of around USD 8 billion from Saudi Arabia during the visit of Prime Minister Shehbaz Sharif.

The USD 8 billion package includes a doubling of the oil financing facility, additional money either through deposits or Sukuks, and rolling over of the existing USD 4.2 billion facilities.