Saudi Arabia has agreed to bail out cash-strapped Pakistan with 'substantial oil supply' on deferred payment and cash assistance, according to a Dawn News report on Thursday.Another report by the Online news agency said Saudi Arabia had agreed to provide 'tangible assistance' to 'ease Pakistan's balance of payment pressure' and has assured the visiting Pakistani delegation of investing more than $1 billion in the livestock and agricultural sectors.
"Foreign Minister Shah Mehmoud Qureshi is expected to announce the Saudi package in Islamabad on Friday," Dawn News said.
Online said the Saudi leadership also said they would increase hiring of Pakistani labour and would provide more financial assistance through the Friends of Pakistan initiative.
| So that no Saudi man will ever lift anything heavier than his purse ... |