ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain late on Thursday night shared three news with the nation.

Fawad, in a tweet, shared that the Petroleum Dealers Association had called off their strike after successful negotiattions with the government.

He also shared that Saudi Arabia has announced to operate direct flights from the country.

Fawad further added that all legal requirements to receive the $3 billion dollars from the kingdom will be completed during the week.

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تین اچھی خبریں 1) پٹرولیم ڈیلرز ایسوسیشن ایشن نے ہڑتال ختم کر دی 2) سعودی عرب نے پاکستان سے براہ راست فلائٹس شروع کرنے کا اعلان کر دیا 3) سعودی عرب سے تین ارب ڈالر کی ٹرانسفر میں تمام قانونی معاملات طے ہوگئے اور یہ ڈالر اس ہفتے پاکستان کو مل جائینگے

— Ch Fawad Hussain (@fawadchaudhry) November 25, 2021

After Prime Minister Imran Khan’s visit to Saudia Arabia last month, the kingdom had announced an economic package for Pakistan.

According to the announcement, the Saudi Fund for Development (SFD) will deposit $3 billion in the State Bank of Pakistan to support the foreign exchange reserves and deal with the coronanavirus pandemic.

Also read: China offers Pakistan $1.5 billion to repay Saudi Debt

The SFD announced on October 26 that $3 billion would be deposited in the State Bank of Pakistan (SBP) on royal directives to safeguard foreign exchange assets and address the issues facing the Pakistani government in dealing with the pandemic.

“According to the royal directive, Pakistan will also be provided with a fund worth $1.2 billion in oil business within a year,” said the statement.

It added that “these royal directives are strong evidence of Saudi Arabia’s position on strengthening the economy of the brotherly country of Pakistan – the kingdom is still taking steps to stabilize Pakistan’s economy as usual.”

It is worth mentioning here that the government of Saudi Arabia has in the past not only provided financial assistance to Pakistan but also ensured the supply of oil on late payment.