S. Arabia assures of oil facility

Published October 4, 2002

ISLAMABAD, Oct 3: Pakistan has been assured to continue receiving annually $800m to $1 billion oil facility from Saudi Arabia.

Informed sources said here on Thursday that Saudi Arabia which was providing oil roughly worth $1 billion annually on deferred payment will continue to offer this facility in future.

However, this year the government was expecting more than $1 billion Saudi oil facility. Pakistan has been getting this facility since 1998 when it decided to go nuclear.

Sources said that Saudi Arabia has also assured to offer preferential treatment in case US government decided to attack on Iraq. “We will get uninterrupted Saudi oil in any emergency and too on deferred payment”, a source said.

Opinion

Editorial

Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....
Soft on traders
08 Jun, 2026

Soft on traders

THE Fixed Tax Asaan Scheme for traders with an annual turnover of up to Rs200m has been designed as a ‘pragmatic...
Ceasefire in name
Updated 08 Jun, 2026

Ceasefire in name

Both sides accuse the other of violating the truce that was supposed to halt the conflict in April, yet neither appears willing to abandon negotiations altogether.
Damaged childhoods
08 Jun, 2026

Damaged childhoods

CHILD abuse is so prevalent that the UN ranked Pakistan as the least safe country for children. Even so, more than...