From June to August there were no serious discussions between the two sides. Pakistan and the IMF had signed the $6 billion deal in July 2019 but the programme was derailed in January 2020 and restored briefly in March this year before again going off the track in June. The Saudi government would immediately deposit $3 billion in Pakistan's account for a year and keep it rolling at least until the completion of the International Monetary Fund (IMF) programme in October 2023, the report quoted an official as saying. A formal announcement about the agreement would be made by Prime Minister's adviser on finance and revenue Shaukat Tarin and Energy Minister Hammad Azhar, Dawn newspaper reported. Now it has provided direct disposition assistance along with oil facilities after the visit of Khan. Pakistan announced in June this year that Saudi Arabia was about to make available $1.5 billion oil facility per annum.
However, as the bilateral relations deteriorated later, Islamabad had to return $2 billion of the $3 billion deposits. I want to thank HRH Prince Mohammad bin Salman for supporting Pak with $3 bn as deposit in Pak's central bank & fin… - Imran Khan 1635310998000 In 2018, Saudi Arabia had provided $3 billion in cash deposits and promised a $3 billion oil facility to Pakistan to help its foreign exchange reserves in 2018.
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