Saudi Arabia stopped lending oil to poor Pakistan

Riyadh, 9 August 2020, Sunday

Pakistan, which has been threatening Saudi Arabia to oppose India over Kashmir, has finally been hit back by Saudi Arabia.

Saudi Arabia has now refused to lend oil to Pakistan, which has been economically impoverished. Pakistan had struck a three-year deal with Saudi Arabia to borrow oil, but the Saudi government ended the deal prematurely. Oil has not been sent and no explanation has been given to Pakistan.

It is believed that Saudi Arabia is angry over Pakistan's behavior. It has decided to withdraw its financial support to Pakistan. Saudi Arabia has announced a 6. 6.2 billion package to Pakistan for 3 years. Pakistan was also paying 3.3 per cent interest for this. However, now Saudi Arabia has suspended the entire package. The Pakistani government says that our agreement expired in May. We are trying to renew it. Awaiting response from Saudi Arabia.

According to media reports, Pakistan has repaid a ડો 1 billion loan from Saudi Arabia and has taken a loan from China.