Saudi development fund issues $3bn to Pakistan to help support economy

Arab News
Picture shows the State Bank of Pakistan in Karachi. (File/Shutterstock)
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  • The funds will help the Pakistani government support its foreign currency reserves

RIYADH: The Saudi Fund for Development (SFD) announced it will deposit $3 billion to the State Bank of Pakistan to help the Pakistani government support its foreign currency reserves and in combating the repercussions of the coronavirus pandemic.
SFD said that the directive was issued to finance the oil derivatives trade with $1.2 billion throughout the year.
The fund added that these directives confirm the Kingdom鈥檚 continued stance in supporting the Pakistani economy.

Topics: Saudi Fund for Development 抖阴短视频 COVID-19 Pakistan State Bank of Pakistan (SBP) Coronavirus