Saudi Arabia will provide Pakistan with a $1 billion oil facility in the ongoing fiscal year 2025–26, while also rolling over $5 billion in deposits, said the Ministry of Finance on Monday. Officials stated that Saudi Arabia will further roll over $5 billion in deposits, $2 billion maturing in December and $3 billion due in June 2026. During the first three months of the current fiscal year, Pakistan has already received oil facilities worth more than Rs85 billion, equivalent to $300 million. Read: PM Shehbaz to embark on three-day visit to Riyadh Saudi Arabia is currently providing an oil facility of $100 million per month, which equals Rs28.37 billion. According to the Ministry of Finance, Saudi Arabia has placed $5 billion in time deposits with Pakistan at an interest rate of 4%, which are rolled over annually. These Saudi deposits, equivalent to Rs1,450 billion, have been extended as budgetary support to Pakistan.
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