Saudi Fund to Deposit $3 Bln in Pakistan Central Bank

Business

October 27th, 5:21am

Asharq Al-Awsat

The Saudi Fund for Development said it was depositing $3 billion in Pakistan's central bank

The Saudi Fund for Development said it was depositing $3 billion in Pakistan's central bank to help support its foreign reserves, the Kingdom's state news agency (SPA) reported on Tuesday. The fund added that an official directive was issued to supply $1.2 billion to finance Pakistan's oil products trade during the year.

from Asharq AL-awsat https://english.aawsat.com/home/article/3269256/saudi-fund-deposit-3-bln-pakistan-central-bank