According to reports, Shaukat Tarin, the Prime Minister’s Finance Advisor, said on Wednesday that Saudi Arabia’s finance minister committed to hold US$3 billion and a $1.2 billion deferred oil facility with the State Bank of Pakistan.
“Kingdom of Saudi Arabia to place US$3bn with SBP & a $1.2bn deferred oil facility to help the balance of payment of Pakistan,” Shaukat Tarin said in a tweet earlier today.