Pakistan has been given a green signal by friendly countries to provide investment and funding. According to sources within the finance ministry, there have been positive indications of an economic package worth $8 billion from friendly countries, among these friendly countries China, Saudi Arabia, United Arab Emirates, and Qatar are leading.
They add that there has been tremendous progress in the talks between Pakistan and Saudi Arabia and that there is a chance that the oil facility might double with Saudi Arabia deferring payment.
The oil facility’s budget would rise from 1.2 billion to 2.4 billion dollars, and Saudi Arabia may provide safe deposits as well.
Ayesha Ghous Pasha, a minister of state, stated that although the friendly nation informed Pakistan in this regard, it would be making the official statement.
She claimed that up to this point, China has rolled over $4.3 billion in debt, which includes $2.3 billion in commercial loans and $2 billion in deposits.
During the week that concluded on July 29, the State Bank of Pakistan’s (SBP) foreign exchange reserves fell by $190 million. The State Bank of Pakistan now holds $8,385.4 million in foreign reserves, according to a summary provided by the central bank