Islamabad urges renewal of USD 3.2 bn oil deal between Pak & Saudi
(WorldNews Pakistan)

Islamabad: Pakistan has not received the oil on deferred payments from Saudi Arabia since May as a deal signed between the two sides for provision of USD 3.2 billion worth of the fuel under the arrangement expired two months ago and Islamabad is still waiting for a response from Riyadh over its request to extend the facility. The $3.2 billion Saudi oil facility was part of the $6.2-billion Saudi Arabian package announced in November 2018 to ease Pakistan’s external sector woes, the Express Tribune reported on Friday. Petroleum Division spokesperson Sajid Qazi said the agreement expired in...