Abu Dhabi: Saudi Arabia has agreed to provide Pakistan relief package of around $ 8 billion amid the maiden trip of Pak Prime Minister Shehbaz Sharif to the kingdom.

The news of relief from Saudi Arabia for Pakistan, which is facing cash crunch, dwindling foreign exchange reserves and a crippling economy.

According to the quoted and media reports, Saudi Arabia has agreed to give a package of $ 8 billion to Pakistan.

Such a package from Saudi Arabia will help in handling the economy of Pakistan. Pakistan Prime Minister Shahbaz Sharif had gone on a tour of Saudi Arabia, it is believed that this deal has been done on this tour.

An official says that Pakistan had proposed to increase aid for oil from $ 1.2 billion to $ 2.4 billion, which Saudi Arabia has accepted.

Saudi Arabia had given a package of $ 7.5 billion to Pakistan during the PML-N government (2013-18). During the tenure of former Prime Minister Imran Khan, Saudi Arabia had given a package of $ 4.2 billion.

Now Saudi Arabia has once again extended a helping hand to Pakistan, this is a time when Pakistan's economy is going through a crisis.