Saudi Arabia, UAE and China will give 120 Billion Dollars worth of aid, says Asad Umer | Goonj

Saudi Arabia, UAE and China will give 120 Billion Dollars worth of aid, says Asad Umer

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ISLAMABAD – Finance Minister Asad Umer has said that a total aid worth of 120 Billion dollars will be given by United Arab Emirates, Saudi Arabia and China. He was giving a briefing in the Parliament’s Standing Committee on Finance headed by Senator Farooq H Naik.

Finance Minister Asad Umer has also hinted at another Mini Budget somewhere around January which will revisit the taxation on some of the items under consideration. The Finance Minister also said that debt free oil deliveries from Saudi Arabia will start from June next year and Saudi Arabia, UAE and China will give 120 Billion Dollars worth of Aid which will be sufficient for the internal circulatory debt of one year of our economy.

Finance Minister Asad Umer give a briefing in the Parliament’s Standing Committee on Finance headed by Senator Farooq H Naik in which he told that debt free oil deliveries from Saudi Arabia will start from June next year and Saudi Arabia, UAE and China will give 120 Billion Dollars worth of Aid which will be sufficient for the internal circulatory debt of one year of our economy.

Finance Minister Asad Umer has also hinted at another Mini Budget somewhere around January which will revisit the taxation on some of the items under consideration. The Finance Minister also told that the total amount from Saudi Arabia is 60 Billion Dollars and the negotiations from UAE and China are around the completion point.