Islamabad: Pakistan has reportedly requested Kingdom of Saudi Arabia a number of times for converting the short term deposits to long term 10 years arrangements with Pakistan, inclusive of the deferred payments on POL purchase. In the backdrop of dismal Pakistani economy, further plagued by the current geopolitics, Pakistan desperation to get a favorbale dela can be well understood. Given the fact that tgere is an added military angle to the ties due to the defence pact; the stakes for budging in to the other side are equal, adding to mutual vulnerability.
Twitter Text: Pakistan has made eight requests to the Kingdom of Saudi Arabia (KSA) under long-term economic cooperation, including conversion of short-term existing deposits of $5 billion into a long-term facility of 10 years, enhancing oil facility on deferred payment from $1.2 billion to $5 billion with increased tenure, securitisation of Pakistani diaspora’s remittances of $10 billion and others.https://x.com/haider_mehtab/status/2030814277649740181?s=20
