Prime Minister summons party session after propitious Saudi visit

ISLAMABAD: Following his successful visit to Saudi Arabia, Prime Minister Imran Khan has called a meeting of PTI’s leadership in the federal capital on Wednesday (today).

According to details, PM Khan will take his party leadership on-board regarding economic package given by the Kingdom.

Further, during the meeting, the Premier will enlighten the senior leaders of Pakistan Tehreek-e-Insaf (PTI) and party representatives about the positive outcomes of his second official Saudi tour.

As per sources, Imran Khan is expected to address the nation through a video message today.

The Prime Minister along with his delegation has returned to Islamabad after conclusion of their two-day visit to the Kingdom.

Saudi Arabia on Tuesday agreed to provide Pakistan $3billion for a period of one year as balance of payment support.

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According to a statement issued by the Foreign Office, a Memorandum of Understanding was signed between Finance Minister Asad Umar and the Saudi Finance Minister Muhammad Abdullah Al-Jadaan, stating Saudi Arabia will place a deposit of $3billion for a period of one year as balance of payment support.

It was also agreed that a one year deferred payment facility for import of oil, up to $3billion, will be provided by Saudi Arabia. This arrangement will be in place for three years, which will be reviewed thereafter.

Saudi Arabia also confirmed that it is interested in investing in a petroleum refinery in Pakistan. The  MoU in this regard will be signed after obtaining cabinet approval.