Sublime Directive Granting Pakistan around $4.2 bln

The Saudi Fund for Development announced the issuance of a sublime directive to deposit an amount of $3 billion, with the Central Bank of Pakistan, to help the Pakistani government shoring up its foreign currency reserves and support it in facing the repercussions of the Coronavirus pandemic.

in addition, a similar directive was issued to finance the oil derivatives trade with the Pakistani side, at a total amount of $1.2 billion, during the current year, the fund added.

These noble directives confirm the Kingdom’s continued position, to prop the economy of the sisterly Republic of Pakistan, it concluded.