Saudi Fund for Development deposited USD3 billion with SBP

Riyadh October 27, 2021: The Saudi Fund for Development announced the issuance of the generous directive to deposit an amount of three billion dollars with the Central Bank of Pakistan to help the Pakistani government support its foreign currency reserves and support it in facing the repercussions of the Corona pandemic.

The fund added that, in addition, the generous directive was issued to finance the oil derivatives trade with a total amount of one billion and two hundred million dollars during the year.

The Fund indicated that these generous directives confirm the Kingdom’s continued position in supporting the economy of the sisterly Republic of Pakistan.