Saudi Arabia likely to resume oil supply on deferred payment

Saudi Arabia likely to resume oil supply on deferred payment
In October 2018, Saudi Arabia had announced a $6 billion bailout package for Pakistan’s ailing economy
Oil is currently in a wait and see mode, with market participants looking at the vaccination pace. PHOTO: REUTERS
ISLAMABAD:
Saudi Arabia is likely to resume oil supply to Pakistan on deferred payment during the upcoming visit of Prime Minister Imran Khan to the kingdom, the energy ministry officials said on Tuesday.
In October 2018, Saudi Arabia had announced a $6 billion bailout package for Pakistan’s ailing economy, which included oil supply on deferred payment worth $3 billion while $3 billion in balance of payment support.

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