3 billion deal between Saudi Fund for Development and SBP

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The money will strengthen SBP’s external reserves and help Pakistan recover from the effects of the Corona epidemic, Governor Raza Baqir and CEO Saudi Fund signed the agreement.
3 billion deal between Saudi Fund for Development and SBP


Karachi – Saudi Fund for Development and SBP have reached an agreement, under which Saudi Fund will provide 3 billion to Pakistan, the money will strengthen the SBP’s foreign exchange reserves. It will also help Pakistan recover from the effects of the Corona epidemic. 

According to details, an agreement has been reached between the Saudi Fund for Development and the SBP, under which the Saudi fund will provide 3 billion to Pakistan.

The money will be part of the SBP’s foreign exchange reserves. The agreement documents were signed by Chief Executive Saudi Fund Development Sultan bin Abdul Rahman Al Murshid and Governor SBP Governor Raza Baqir. 

Under the agreement, the Saudi fund will provide 3 billion to SBP. This amount will then become part of the SBP’s foreign exchange reserves.

Depositing money in SBP will strengthen foreign exchange reserves. The money was provided by Saudi Arabia to help stabilize Pakistan’s foreign exchange reserves. It will also help Pakistan recover from the effects of the Corona epidemic. 

The hefty financial agreement between Pakistan and Saudi Arabia reflects the strong ties between the two brotherly countries. Pakistan and Saudi Arabia are also committed to further enhancing economic ties in the future.

Earlier, Federal Finance Adviser Shaukat Tareen had said that 3 billion in deposits would be received from Saudi Arabia soon. Sending signatures

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