Islamabad will pay 2% interest rate on the concessional loan. Prime Minister Shehbaz Sharif appreciated the long-standing friendship between the Kingdom of Saudi Arabia and Pakistan and the ...

Prime Minister Shehbaz Sharif and Saudi Fund for Development CEO Sultan Bin Abdul Rehman Al Marshad pose after signing an agreement in Islamabad on February 3. — DawnNewsTV The federal ...

ISLAMABAD: Pakistan has signed an agreement with the Saudi Fund for Development (SFD) worth $1.2 billion, paving way for import of Saudi oil on deferred payment for one year. Prime Minister ...

The Saudi authorities have begun deporting individuals involved in such activities back to Pakistan. Recently, several Pakistanis were sent back, causing embarrassment for Islamabad. Pakistan ...

Pakistan on Monday signed an agreement with the Saudi Fund for Development to defer by one year a $1.2 billion payment on the country's oil imports, the country's prime minister office said.

Petroleum products mostly from Saudi Arabia make the major chuck of Pakistan's import bill. The Saudi facility to defer the payment can help Islamabad boost its foreign reserves ahead of the first ...