JEDDAH - In response to Pakistan's request for oil supply on deferred payments, Saudi Arabia on Saturday responded positively while assuring that all possible assistance would be extended to Islamabad to come out of current serious economic crisis. However King Abdullah Bin Abdul Aziz of Saudi Arabia asked for amicable settlement of current political crisis in Pakistan, while expressing his concern in this regard. He was talking to Syed Yousuf Raza Gilani. Talking to media after the meeting, Prime Minister Gilani said Saudi Arabia wanted political stability in Pakistan and the Saudi leadership was concerned over the latest political developments. He said King Abdullah had also assured Pakistan all possible cooperation in oil sector. PPP Co-Chairperson, Asif Ali Zardari, who flew to the Kingdom from UAE to join talks with the top Saudi leadership, also attended the meeting along with Foreign Minister Shah Mahmood Qureshi, Defense Minister Ahmed Mukhtar, Minister for Water and Power Raja Pervez Ashraf, Agriculture Minister Nazar Muhammad Gondal and Foreign Secretary Salman Bashir. Prime Minister Gilani and Asif Zardari later also held separate meeting with King Abdullah during which they discussed threadbare the current political situation in Pakistan, according to an official who asked for anonymity. "The Saudi leaders want the amicable solution to the current political crisis in Pakistan. They want agreeable settlement to the judges' issue and also to what is going on between the Presidency and the present ruling alliance of the country," said the source. Saudi King while talking of old friendly ties between Riyadh and Islamabad expressed his desire for strong stable Pakistan that he said was possible when there was political stability in the country. On oil front, the officials said the nod had come from highest government level in Saudi Arabia to Pakistan for oil supply on deferred payments and the modalities would be worked out in the subsequent ministerial level meetings between the two countries. Foreign Minister Qureshi, who also heads the Petroleum Ministry, held meeting later with his counterpart, Prince Saud al-Faisal in that regard. Qureshi would hold another important meeting with his counterpart from Kingdom's Petroleum Ministry here today (Sunday) in Jeddah before departure for Islamabad. An official said that Pakistan sought from Saudi Arabia the deferment of oil payments to control the increasing trade and fiscal deficits. "The country's economy is under pressure from surging oil prices, which have inflated the oil import bill over 40 per cent in the past 10 months compared with the levels few years ago," he said. Pakistan's current account deficit has surged between 7.3 and 7.8 per cent of GDP, he said adding that fiscal deficit had spiralled close to 9 per cent but the government expected to bring it down to 6.5 per cent. Earlier, Saudi Arabia had given Pakistan a facility for deferred oil payments after the United States imposed economic sanctions following Pakistan's nuclear tests in 1998.