Saudi Arabia has announced a $4.2 billion aid package to support Pakistan. Riyadh would make a $3 billion deposit with the State Bank of Pakistan (SBP) and offer an oil deferred payments facility of $1.2bn per annum, Federal Energy Minister Hammad Azhar has said. The official Saudi Press Agency (SPA) also carried the announcement, which comes immediately after Prime Minister Imran visited Saudi Arabia and met with Suadi Crown Prince Mohammad Bin Salman. The $3b Saudi deposit would help prop up Pakistan s foreign reserves that dropped by $1.6b last week due to external debt repayments that included repayment of $1 billion against Pakistan International Sukuk. Azhar said the Saudi .
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