Pakistan, Saudi Arabia ink over $1bn oil sector agreement

ISLAMABAD: Pakistan and Saudi Arabia on Thursday signed an agreement worth more than $1 billion in the oil sector, through the Saudi Development Fund (SDF).

A day earlier, the kingdom’s ambassador to Pakistan Nawaf Al-Maliki was quoted as saying by a Saudi news channel: “The coming days will witness the signing of an agreement between the Kingdom and Pakistan through the Saudi Development Fund (SDF), with an increase of one billion dollars for oil derivatives.”