Saudi Arabia to provide Pakistan with $3 billion in support

Pakistan’s Ministry of Finance announced on Tuesday evening that Saudi Arabia will provide Pakistan with an additional $3 billion in deposits to support its foreign exchange reserves.

اضافة اعلان

In a statement, the ministry said that Finance and Revenue Minister Senator Muhammad Aurangzeb was informed that Saudi Arabia has pledged the $3 billion deposit, which is expected to be disbursed next week.

Aurangzeb, who is currently in Washington attending the International Monetary Fund’s Spring Meetings, added that an existing Saudi deposit of $5 billion will also be extended for an unspecified period.

Meanwhile, Pakistan’s Ministry of Foreign Affairs said on Wednesday that Prime Minister Shehbaz Sharif will visit Saudi Arabia, Qatar, and Turkey from April 15 to April 18.

AFP