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Saudi Arabia begins oil supply to Pakistan on deferred payment

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ISLAMABAD: Pakistan will start receiving oil supplies from Saudi Arabia on deferred payments from this month.

According to a press release issued by Saudi embassy in Islamabad on Monday, Pakistan will start receiving monthly oil supplies worth 275 million dollars.

These supplies will continue over the next three years with a total value of 9.9 billion dollars.

In October last year, Saudi Arabia had announced an economic support package for Pakistan which included three billion dollars for supporting balance of external payments.

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