The government of Pakistan will have to pay 3.80% margin along with the payment of fuel
Islamabad: The federal cabinet approved an oil purchase agreement with Saudi Arabia on a deferred payment.
According to details, approval was given in the meeting of the federal cabinet through circulation summary. Circulation summary was sent to the Cabinet by the Economic Division.
Under the agreement, Saudi Arabia will lend Pakistan monthly fuel of 100 million dollars. Initially, the contract is for one year, which can be extended later.
The Ministry of Finance, SBP and FBR agreed on the draft of the Pak-Saudi agreement.
Deferred payments were promised during Prime Minister Imran Khan’s visit to Saudi Arabia.
The Saudi Crown Prince had promised to provide fuel to Pakistan on deferred payment for one year. Under the agreement, the government of Pakistan will have to pay 3.80% margin along with the payment of fuel.
Adequate petroleum stocks available in country: PM Shehbaz
- 3 گھنٹے قبل
Operation Ghazab-ul-Haq: 684 Taliban killed, 252 posts destroyed :Attaullah Tarar
- ایک دن قبل
What would you do alone in a cage with nothing but cocaine?
- 18 گھنٹے قبل
Pakistan rejects India’s remarks over actions against terrorist hideouts inside Afghanistan
- ایک دن قبل
US allies rebuff Trump's request for support in Strait of Hormuz
- 5 گھنٹے قبل
Information Ministry rejects claim of Afghan Taliban regarding strike in Wana
- ایک دن قبل
KSE-100 plummets over 4,000 points amid oil price surge
- 7 گھنٹے قبل
Govt decides to expand Roshan Digital Account scheme
- 3 گھنٹے قبل
Foxborough won't back down in World Cup spat
- 19 گھنٹے قبل
Tickets for 11th edition of PSL to go on sale from tomorrow
- 3 گھنٹے قبل
Pakistan committed to promote religious tolerance among nations: President, PM
- ایک دن قبل
Iranian sports minister: We cannot go to World Cup
- 19 گھنٹے قبل
