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PM Imran Khan: Saudi Arabia aid eases pressure on forex reserves

Imran Khan addressed the nation to share the details of his efforts to bring cash-strapped Pakistan out of financial difficulties

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Imran Khan

Imran Khan

Prime Minister Imran Khan said on Wednesday that Saudi Arabia's USD 6 billion assistance package has eased pressure on Pakistan's foreign exchange reserves and exuded confidence that the country will emerge stronger and more prosperous in the coming years.

In the deal announced Tuesday after Prime Minister Khan called on Saudi King Salman bin Abdulaziz, Riyadh said it will give Pakistan USD 3 billion in foreign currency support for a year and a further loan worth up to USD 3 billion in deferred payments for oil imports. Khan addressed the nation to share the details of his efforts to bring cash-strapped Pakistan out of financial difficulties.

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