Saudi Arabia took another big step for Pakistan

In a statement issued on Twitter, Hamad Azhar said that Pakistan will not have to pay for this oil immediately. This oil will be available under the late payment facility. According to Azhar, these steps of the Saudi Development Fund will help Pakistan. He said that the pressure on Pakistan's foreign exchange reserves will be less.

It is worth noting that at this time there is a sharp decline in the value of the Pakistani rupee against the dollar in Pakistan and in just four months the value of the dollar has increased by more than 20 Pakistani rupees. At present, one US dollar is worth 175 rupees.

According to Saudi Arabia's official news service SPA, the Saudi Development Fund said in a statement on Tuesday that on royal instructions, three billion dollars will be deposited in the Central Bank of Pakistan to support Pakistan's foreign exchange reserves and help the government to deal with Corona. To help in dealing with the problems arising due to the pandemic.