Pakistan on Monday signed an agreement with the Saudi Fund for Development to defer a $1.2 billion payment on the country's oil imports by one year, the country's prime minister's office said.
Shehbaz Sharif.
drinking water for 150,000 local people of a district in northwest Pakistan.
Petroleum products, mostly from Saudi Arabia, make up the major chunk of Pakistan's import bill. The Saudi facility to defer the payment can help Islamabad boost its foreign reserves ahead of the first review of a $7 billion IMF bailout in March.
(Reuters)
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