Finance Minister Ishaq Dar made the request during a meeting with Nawaf bin Said Al-Malki, the Saudi ambassador, according to his ministry’s officials. The $13 billion package is equal to 38% of the estimated gross external financing requirements of the country for the fiscal year 2022-23. During the meeting, both sides discussed the possibility to augment the current $1.2 billion Saudi oil facility on deferred payments. There were also discussions on the $1 billion Saudi investment in Pakistan, according to the officials. The estimates included budgetary loans of $23 billion and grants of $1.5 billion, according to government sources.
