Tuesday , June 2 2020

Pakistan receives first installment of $3billion Saudi aid

Pakistan received its the first installment of $3 billion on behalf of the Saudi aid. This is confirmed by a spokesperson from the State Bank.

The first installment of worth $1 billion has already been transferred to the State Bank of Pakistan. The two-third part left will be transferred within the next few months.

It should be made clear that foreign reserves of Pakistan stand at $14.8 billion.

During the official visit of Prime Minister Imran Khan on October 23. An agreement was signed by Saudi Arabia to give Pakistan $3 billion as a balance payment and foreign reserves.

During the visit many other agreements were signed and Imran Khan also attended the Investment initiative conference on the invitation of King Salman.

Check Also

uzma khan

Malik Riaz’s Daughters Granted Bail ahead of Police Arrest

Uzma Khan’s house vandalized, tortured, and harassed: Malik Riaz’s daughters granted bail before arrest. According …

Leave a Reply

Your email address will not be published. Required fields are marked *