#KSA

Saudi Funds has approved a $3 billion arrangement with SBP.

On: November 29, 2021

KARACHI — On Monday, Saudi Funds granted a $3 billion loan to the State Bank of Pakistan (SBP). According to the terms, the sum of the agreement would be deposited in the State Bank of Pakistan’s income. On the other hand, Minister of Finance Shauqat Tarin met with Prime MinisterContinue Reading

The Saudi Fund for Development deposits $ 3 billion with the SBP and offers $ 1.2 billion in oil financing.

On: October 27, 2021

ISLAMABAD – On Tuesday, the Saudi Fund for Development announced a “generous instruction” to deposit US $3 billion with the State Bank of Pakistan to help the government maintain its foreign currency reserves and deal with the effects of the Corona outbreak. The deposit of US 3 billion dollars wasContinue Reading