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economic package

Pakistan’s immediate balance of payment crisis is over: minister

ISLAMABAD: Finance Minister Asad Umar on Tuesday said China has agreed in principle to extend an economic relief package to Pakistan. He was speaking at a press conference alongside Foreign Minister Shah Mehmood Qureshi to brief media about Prime Minister Imran Khan's recently concluded China visit. The finance minister said that the finance secretary and the Governor State Bank of Pakistan (SBP) will be meeting Chinese officials on Friday to discuss the modalities of the package. Asad Umar said the financial…

Saudi Arabia has placed no condition in exchange for bailout package: Qureshi

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi has said Pakistan did not make any hidden deal with Saudi Arabia to overcome the widening balance of payments and current deficit crisis. Dispelling the impression of secret deal behind the Saudi package for Pakistan, he, according to state-run wire service, said KSA had not placed any condition on our country for returning the $6 billion financial support. He said the assistance provided by Saudi Arabia will lessen the financial burden on Pakistan, adding that we were…