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Home > News > Realtime News
Pakistan: Saudi Arabia to deposit $3 billion with state bank
Posted on 2021-10-27 17:06:02
Pakistan says that Saudi Arabia will deposit $3 billion into its central bank
to help bolster the cash-strapped fellow Islamic nation's shrinking foreign
reserves.

Shaukat Tarin, Pakistan's top finance ministry official, also said on Twitter
Wednesday that Saudi Arabia will additionally supply 1.2 billion worth of oil
to Pakistan on credit.

The latest development comes two days after Prime Minister Imran Khan
returned from a visit to Saudi Arabia.

Pakistan's economy is currently under pressure because of an increase of oil
prices in the international market.

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