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Pakistan balance-of-payments crisis

Riyadh to release $3bn aid for Pakistan in next few days, says Saudi envoy

Saudi Ambassador to Pakistan Nawaf Saeed Al-Malki on Wednesday said that Pakistan would have the first instalment of Saudi aid amounting to $3 billion in the next few days to address its balance-of-payments crisis. The Kingdom of Saudi Arabia would release the amount of $3 billion in terms of the balance of payment, the envoy stated in a short interview with a private news channel. In addition to this, the envoy confirmed that the Saudi government would provide deferred payment facility for the import of oil, worth up…