In a last-ditch effort to put off seeking financial assistance from the IMF, Pakistan President Asif Ali Zardari is expected to strive for oil against deferred payment from traditional ally Saudi Arabia to bailout his economically sinking

SINGAPORE  - Saudi Arabia has agreed in principle to defer payments for crude oil sales to Pakistan expected to be worth about $5.9 billion during Pakistan’s present July-June financial year, The Financial Times reported on

Saudi Arabia has agreed to defer payments for the crude oil sales to Pakistan worth $5.9 billion during Pakistan's current July-June financial year, a British daily reported on Saturday. The modalities are being worked out,"