Sunday, October 25, 2020

Pakistan receives $1 billion from Saudi Arabia, Country’s reserves now $15.25 billion

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
Pakistan has received third trench of $1 billion from Saudi Arabia, Country’s foreign reserves now increased to $ 15.25 billion. Saudi Arabia have provided the amount of $3 billion on the interest rate of 3 percent.

 

Earlier on Thursday, Abu Dhabi Fund for Development has transferred the amount of $1 billion as agreed by President and Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The loan facility from UAE was agreed on 3.18 percent.

 

Well informed source from SBP told ‘ World News Observer’ that the second trench of $1 billion from UAE will be transferred next week.

 

Foreign exchange reserves of Pakistan after receiving the amount of $1 billion, the reserves rose to $ 15.25 billion.

 

It is pertinent to mention here that Prime minister Imran Khan has said that China will soon extend the support

 

Read more: Pakistan receives $1 billion aid from UAE, country’s reserve surged $ 14.25 billion

 

 

Read more: Abu Dhabi fund assigns US$3 billion to SBP

 

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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