Pakistan: Pakistan received $3 billion from Saudi Arabia, says Tarin

ISLAMABAD, 05 December 2021, (TON): The State Bank of Pakistan (SBP) received $3 billion from Saudi Arabia under a support package signed between Pakistan and the Kingdom.

In a tweet, Shaukat Tarin confirmed that the Kingdom has deposited the loan amount with the country’s central bank.

Shaukat Tarin also thanked Saudi Crown Prince Mohammed Bin Salman and the Kingdom of Saudi Arabia for the kind gesture.

The deposit follows after Saudi Funds approved an agreement of $3 billion with the State Bank.

The SBP had earlier this week signed an agreement with the Saudi Fund for Development (SFD) to receive $3 billion to shore up its depleting foreign exchange reserves.

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