Saudi govt provides US$ 300 mln in aid to Pakistan
Monday, March 10, 2008
ISLAMABAD: The Saudi Government has provided US$ 300million to Pakistan to meet the budgetary gaps effectively and to promote macro economic stability in the country.
According to the officials of the Finance Ministry here Monday, the Saudi government has given the budgetary support as a goodwill gesture for the people of Pakistan.The grant will help bridge the fiscal gap that arose due to high global prices of oil and petroleum products.
The Saudi move has come after President Pervez Musharraf's recent visit to Saudi Arabia during which he asked the King Abdullah to help Pakistan in defraying the cost of high oil prices.
They said the decision of the Saudi Government is timely and will help Pakistan in meeting the budgetary gaps effectively and promoting macro economic stability in the country.
Saudi govt provides US$ 300 mln in aid to Pakistan