Pakistan receives 2 billion dollar from Saudi Arabia

Pakistani Finance Minister has said that Pakistan’s state bank has received 2 billion dollars from Saudi Arabia. Finance Minister Ishaq Dar, in one of his tweets, announced it.

He said that the State Bank of Pakistan (SBP) has received deposit of $2 billion from the Kingdom of Saudi Arabia. This inflow has increased the forex reserves held by SBP and will accordingly be reflected in the forex reserves for the week ending 14 July 2023”.

He thanked the leadership of Kingdom of Saudi Arabia, on behalf of the Prime Minister Shehbaz Sharif, people of Pakistan, Chief of Army Staff General Asim Munir and himself, for the kind gesture and support during the difficult time.

PM Shehbaz Sharif also thanked the leadership of Saudi Arabia, on behalf of the people of Pakistan. He thanked the crown prince of Saudi & Prime Minister Mohammed bin Salman for ensuring this financial support to Pakistan

“This deposit will strengthen Pakistan’s foreign exchange reserves. It reflects the growing confidence of our brotherly countries and the international community in Pakistan’s economic turnaround”, Prime Minister Shehbaz tweeted.