complain. 22% in pakistan. let s jump complain. 22% in pakistan. let s jump to islamabad where caroline davies joins jump to islamabad where caroline daviesjoins us. let s jump to islamabad where caroline davies joins us. let s start with theirs, it has finally reached a deal. what has been the reaction to the deal? the deal. what has been the reaction to the deal? ., ., the deal? the government are relieved to the deal? the government are relieved to have the deal? the government are relieved to have got the deal? the government are relieved to have got this - the deal? the government are relieved to have got this point| relieved to have got this point where it has gone through. this has been months of negotiations, and the deal was meant to expire today. they have a new deal which will carry them through for nine months, and it will be about 3 billion us dollars, which is more they were expecting. that is a relief, but lots of analysts have emphasised this is just pat
continue cutting production basically to push prices which seem to be working so far in saudi arabia said they will make cuts of over a million barrels per day injuly and targets would drop by after a one point million barrels. it accounts for about 40% of the rules crude oil and decisions can have a major impact on oil prices. let s skip more for my middle east business correspondent. let s get more. before the meeting started in the oil production and oil production where around $5 a barrel, they have been falling and concerns they could fall further with they could fall further with the global economy and demand weakening. in saudi arabia and some countries were very keen that the group, goes ahead and ask another cut as a group of most countries were against that idea because any cut would lead her impact their oil revenues which is crucial to their economies in saudi arabia was in when they could afford to make the cut and managed its national budget. when they came t
agreed to continue cutting production basically to push up prices which seems to be working so far. saudi arabia working so far. saudi said prices which seems to be working so far. saudi said it would make cuts of1 million barrels a day and targets would drop by 1.4 million barrels per day from 2024. 0pec+ accounts for crude oil and let s get more for our middle east correspondent. it more for our middle east correspondent. more for our middle east correspondent. it was widely exected correspondent. it was widely expected before correspondent. it was widely expected before the - correspondent. it was widely| expected before the meeting started that 0pec+ would reduce oil production because it is hovering around $75 a barrel. there are concerns it could fall further with global economy struggling and demand wiggling. saudi arabia and some countries were really keen that the oil group goes ahead and makes another cut as a group but many countries were against that because ma