By IINA
Islamabad : The Saudi Arabian government has provided $ 300 million to Pakistan to meet the budgetary gaps effectively and to promote macro economic stability in the country. According to the officials of the Pak Finance Ministry, the Saudi government has given the budgetary support as a goodwill gesture for the people of Pakistan. The grant will help bridge the fiscal gap that arose due to high global prices of oil and petroleum products.
The Saudi move has come after President Pervez Musharraf’s recent visit to Saudi Arabia during which he asked King Abdullah to help Pakistan in defraying the cost of high oil prices, according to press reports. Pak officials said the decision of the Saudi government is timely and will help Pakistan in meeting the budgetary gaps effectively and promoting macro economic stability in the country.