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.
Trump confirms progress on Gaza ceasefire deal
- 3 گھنٹے قبل
PSX rallies for second consecutive day in new fiscal year
- 4 گھنٹے قبل
Iran confirms damage to nuclear site after US strikes
- 2 گھنٹے قبل
SC decision: ECP issues notification to restore reserved seats
- 5 گھنٹے قبل
Court issues non-bailable warrants for CM Gandapur
- 3 گھنٹے قبل
Father murders son over association with transgender individuals in Karachi
- ایک گھنٹہ قبل
US dollar gains in interbank and open markets
- 2 گھنٹے قبل
Taxes on more than 40 items reduced
- 4 گھنٹے قبل
Sheikh Hasina sentenced to 6 months for contempt of court in Bangladesh
- 4 گھنٹے قبل
Karachi gas explosion: 7 injured including children
- 4 گھنٹے قبل
Gold prices decline amid global market downturn
- 3 گھنٹے قبل
PDMA issues alert over rising water levels in Punjab’s rivers
- 2 گھنٹے قبل
