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Pakistan secures USD 8 billion package from Saudi Arabia amid sinking economy

Islamabad [Pakistan], May 1 (ANI): Pakistan, which is grappling with an economic slump, has secured a “sizeable package” of around USD 8 billion from Saudi Arabia during the visit of Prime Minister Shehbaz Sharif, reported local media.
The USD 8 billion package includes a doubling of the oil financing facility, additional money either through deposits or Sukuks, and rolling over of the existing USD 4.2 billion facilities,