SBP receives $3 billion Saudi deposit: Shaukat Tarin

ISLAMABAD – Shaukat Tarin, Advisor to the Prime Minister on Finance and Revenue, stated on Saturday that the State Bank of Pakistan has received a $3 billion deposit from Saudi Arabia (SBP).

While delivering the news, Shaukat Tarin praised Saudi Crown Prince Mohammed Bin Salman and the Kingdom of Saudi Arabia for their kindness.

Good news, US$3 billion Saudi deposit received by SBP. I want to thank His Excellency Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia for the kind gesture.

— Shaukat Tarin (@shaukat_tarin) December 4, 2021

The deposit comes after Saudi Funds authorised a $3 billion arrangement with the national bank.