According to a written statement issued by the Senate Secretariat on Friday, Federal Minister for Finance and Revenue Shaukat Tarin revealed the specifics of the arrangement under which Pakistan got monies worth $3 billion from Saudi Arabia.

Under an agreement struck between the central bank of Pakistan and the Saudi Fund for Development, a much-anticipated $3 billion tranche was deposited in the State Bank of Pakistan (SBP) on December 4, 2021.

 

Leave a Reply

Your email address will not be published.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

You May Also Like

EU chief, Sunak to hold final talks on Brexit deal

Rishi Sunak and the European Commission president are due to hold “final…

Warnings mount as Israel plans Rafah offensive

Israel’s neighbors and key mediators warned of disaster and repercussions if its…

Vietnam picks new president in power shuffle

Vietnam has chosen a new president after an anti-corruption drive and power…

Gaza’s civil defense seeks fuel, equipment, vehicles to continue working

Gaza’s civil defense said that it completed more than 22,000 rescue missions…