Financial assistance pledged by friendly countries in 2018-19

[ghazi52]

Financial assistance pledged by friendly countries in 2018-19
July 01, 2019

Last week Pakistan received assurance from Qatar of a $ 3 billion package consisting of foreign currency deposit and direct investment. This was the fourth “friendly support” package of the sort which takes combined foreign aid to $15.6 billion. So far Saudi Arabia has promised $ 3bn oil supplies on credit set to begin this month at the rate of $270 million per month and $3bn in safe deposit of the State Bank of Pakistan, charging about 3.18 percent interest. The United Arab Emirates has transferred $ 2bn in cash deposit at 3.18pc interest. China has extended financial support of $ 4.6bn in commercial loans and safe deposit.

 

[zulu]

@Khafee

 

[zulu]

@ghazi52 bhai yeh news bhi chipka du better all such in one tab easy to find
https://arynews.tv/en/saudi-arabia-begins-oil-supply-to-pakistan/

 

[xyxmt]

safe deposit is just a safe deposit.

 

[ghazi52]

Saudi oil supply to Pakistan on deferred payment begins

July 01, 2019

Pakistan will start receiving oil supplies from Saudi Arabia on deferred payments this month. According to a press release issued by Saudi embassy in Islamabad on Monday, Pakistan will start receiving monthly oil supplies worth 275 million dollars.

These supplies will continue over the next three years with a total value of 9.9 billion dollars.

It may be added that in last October Saudi Arabia had announced an economic support package for Pakistan which included three billion dollars for supporting balance of external payments.

 

[VCheng]

Pakistan will start receiving monthly oil supplies worth 275 million dollars.

These supplies will continue over the next three years with a total value of 9.9 billion dollars.

Now the math works out better.

 

[Ahmet Pasha]

No free lunch

 

[American Pakistani]

Everything is loan to "import" more and even more...

Rather should've worked on cutting the imports by throwing the burden of oil import prices to residential consumers.

 

[maithil]

Saudi oil supply to Pakistan on deferred payment begins

July 01, 2019

Pakistan will start receiving oil supplies from Saudi Arabia on deferred payments this month. According to a press release issued by Saudi embassy in Islamabad on Monday, Pakistan will start receiving monthly oil supplies worth 275 million dollars.

These supplies will continue over the next three years with a total value of 9.9 billion dollars.

It may be added that in last October Saudi Arabia had announced an economic support package for Pakistan which included three billion dollars for supporting balance of external payments.

Thats almost 10 Billions of oil on deferred payment. Good deal. When does payment start ?

 

[Baby Leone]

i dont understand when we can get 15 bilions from friendly countries then why still IMF's bare 6 to 7 billions are more important....