Saudi Arabia had already given $3 billion deposits to the State Bank of Pakistan and an oil facility on deferred payment worth $1.2 billion during the tenure of the last PTI-led regime. The deposits were given in December 2021, while the Saudi Oil Facility (SOF) was started in March 2022 with oil supply of $100 million in a month.
Author: Javed Mahmood
Javed Mahmood
I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.
While there was no immediate official announcement about Bilawal’s portfolio, his sister Bakhtawar Bhutto had congratulated him earlier in the day for taking oath as the country’s foreign minister.
The government spent 2.1 trillion rupees on debt financing while 881 billion rupees were spent on defence in nine months of FY 2021-22.
Home Affairs Minister Karen Andrews’ accusation is consistent with her conservative Liberal Party’s argument that Beijing wants the center-left Labor Party to win the May 21 election because Labor lawmakers were less likely to stand up to Chinese economic coercion.
A few days ago, Finance Minister Miftah Ismail had already stated that the government would have to discard subsidies programme announced by ex-PM Imran Khan in March
China has urged Pakistan to resolutely crack down on the terrorist organization involved in this tragic incident.
Bulgaria’s economy ministry said the Bulgargaz state-owned operator had also received a notification from Gazprom that natural gas supplies would be suspended from April 27.
During visit to KSA, the Prime Minister will request Saudi authorities to double the amount of oil supply on deferred payment from $100 million dollars a month to $200 million.