KSA to activate $3.2 billion deferred of payment on oil for Pakistan from July.

[BHarwana]

https://twitter.com/i/web/status/1131207331197399047

 

[BHarwana]

https://twitter.com/i/web/status/1131210881088589825

 

[IbnAbdullah]

Salaam

Activate? Does it mean they will demand the deferred payment or will give us oil on deferred payment now?

 

[BHarwana]

Salaam

Activate? Does it mean they will demand the deferred payment or will give us oil on deferred payment now?

They agreed to give oil on deffered of payment previously but the process was not activated till now. Finally they have decided to start giving oil on deffered of payment from July.

 

[zulu]

@BHarwana sahib should not change the thread heading to 9.6 ?275 Million dollar per month,per year amounts 3.2 billion dollar for next 3 years overall its 9.6 billion dollar package
as mention in Dr Abdul Hafeez sheikh statement

https://twitter.com/i/web/status/1131191523914211328

 

[BHarwana]

275 Million dollar per month,per year amounts 3.2 billion dollar for next 3 years overall its 9.6 billion dollar package
as mention in Dr Abdul Hafeez sheikh statement

https://twitter.com/i/web/status/1131191523914211328

It is a per year package amounting to 3.2 billion. Not $9.6 billion we have to oay them as well.

 

[zulu]

Sir my understanding is we have to start payment of it after 3 years but until our more knowledge able friend who involved in such explain better like @ps3linux but definitely its much required breathing space we needed so most at the time Allah ka shukur hai

It is a per year package amounting to 3.2 billion. Not $9.6 billion we have to oay them as well.

 

[BHarwana]

Sir my understanding is we have to start payment of it after 3 years but until our more knowledge able friend who involved in such explain better like @ps3linux but definitely its much required breathing space we needed so most at the time Allah ka shukur hai

If it was a bigger package of $9.6 billion then it would have been said so. No hides good aspects in publicity. That is what I think.
Azerbaijan has already started the deffered of payment package on oil for Pakistan as well.

 

[N.Siddiqui]

It is a per year package amounting to 3.2 billion. Not $9.6 billion we have to oay them as well.

The deferred oil payment is a 3 year Package of 9.6 billion USD, which come to 3.2 billion per year, as per the agreement.

 

[YeBeWarned]

some good news after all ..

 

[zulu]

SIr Azerbaijan doing that too but amount is less giving their capacity (will find and quote u exact figure later ) but it will help us in our most pressing issue too CAD

If it was a bigger package of $9.6 billion then it would have been said so. No hides good aspects in publicity. That is what I think.
Azerbaijan has already started the deffered of payment package on oil for Pakistan as well.

 

[BHarwana]

The deferred oil payment is a 3 year Package of 9.6 billion USD, which come to 3.2 billion per year, as per the agreement.

So we will return payment at the end of 3 years?
I think we will start returning payment after 3 months time and package will continue for 3 years?
I think someone with more knowledge needs to explain this.

 

[VCheng]

The deferred oil payment is a 3 year Package of 9.6 billion USD, which come to 3.2 billion per year, as per the agreement.

And Iran will believe Pakistan's assurances that it will not takes sides in any potential conflict. Of course.

 

[N.Siddiqui]

So we will return payment at the end of 3 years?
I think we will start returning payment after 3 months time and package will continue for 3 years?
I think someone with more knowledge needs to explain this.

Payment after 3 months cannot be called a deferred payment it is a routine payment, it must be a grace period of more than one year if one talks about improving CAD and some breathing space.

It could be even better terms like payment after more than a year or in installment which suits Pakistan. Nobody knows deferred payment terms and conditions....

And Iran will believe Pakistan's assurances that it will not takes sides in any potential conflict. Of course.

Iran knows Pakistan will take sides and support Saudia...Pakistan does have a strategic security pact with that country.

Iran need to shun its proxies double game in Pakistan and the region...

 

[BHarwana]

Payment after 3 months cannot be called a deferred payment it is a routine payment, it must be a grace period of more than one year if one talks about improving CAD and some breathing space.

It could be even better terms like payment after more than a year or in installment which suits Pakistan. Nobody knows deferred payment terms and conditions..

Bro if they are going to do it for 3 years continuously then it is a very big new. I have a bit less knowledge on this whole deal will reply after research.

I will tag @Khafee he might have more knowledge.