Riyadh weighs $4.8B oil aid to Pakistan: UPI

ISLAMABAD, Pakistan, June 11 (UPI) -- Saudi Arabia may supply $4.82 billion worth of crude oil to help Pakistan deal with major financial setbacks, Pakistani officials said Wednesday.

Saudi Arabia and the United Arab Emirates provide around 250,000 barrels and 150,000 barrels per day respectively to Pakistan on a deferred payment program.

Anonymous Pakistani officials told India's business daily, Business Standard, the co-chair of the Pakistan People's Party Asif Ali Zardari secured a deal to obtain 110,000 barrels a day on a two-year line of credit with Saudi Arabia.

Pakistan imports more than 80 percent of its oil from Abu Dhabi, Iran, Qatar and Saudi Arabia.

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