On Thursday, Saudi Arabia provided aid to Pakistan in the area of debt repayment.

Saudi Arabia has rescheduled Pakistan’s debt of more than 84 million dollars and defaulted on it for the next six months, according to a statement released by the Ministry of Economic Affairs.

A ceremony was conducted in Saudi Arabia to sign a credit arrangement with Pakistan. Saudi Arabia would give assistance to Pakistan as part of the G20 effort. Loan repayment has been deferred for the next six months.

Meanwhile, the Saudi ambassador was present at the event, and the agreement was signed by the DG of the Saudi Development Fund.

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