Saudi Arabia extends $3 billion financing facility for Pakistan
India, Nov. 5 -- Sajjad Hussain
Saudi Arabia has extended the $3 billion financing facility for Pakistan for a "reasonable period", according to Finance Minister Muhammad Aurangzeb.
Saudi Arabia helped Pakistan with a $3 billion financing facility in April this year as Islamabad had to repay $3.5 billion to the United Arab Emirates. Initially, it was provided for three months.
"It has been extended, and for a reasonable period," Aurangzeb told journalists outside the Parliament.
"You don't need to worry as to for how long, given the kind of strategic relationship we have," Dawn quoted him as saying in response to a query that the financing facility had already matured on October 31.
Saudi Arabia had also provided another $5 billion t...
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