Islamabad (Commerce Desk): In light of the situation caused by conflicts in the Middle East, Pakistan has taken significant steps to seek long-term economic cooperation with Saudi Arabia.
Sources indicate that Pakistan has submitted eight proposals for economic collaboration, including a plan to convert the existing $5 billion reserves into a ten-year long-term facility.
Additionally, Pakistan has requested that the Saudi government increase the deferred payment facility for oil from $1.2 billion to $5 billion to ensure energy supply and financial stability.
