SBP receives $2 billion deposits from Saudi Arabia

Islamabad: Federal Finance Minister and Senator Ishaq Dar said that State Bank of Pakistan (SBP) has received two billion dollars of deposits from the Kingdom of Saudi Arabia (KSA).

In a televised message today (Tuesday), he stated: “The friendly country had made a commitment in this regard in the recent past”.

He added that these deposits have enhanced the country's foreign exchange reserves from 9.67 billion dollars to 11.67 billion dollars.

On behalf of the people and government of Pakistan, the Finance Minister thanked the Saudi leadership especially King Salman bin Abdulaziz Al Saud and Crown Prince  Mohammed bin Salman Al Saud for always standing by Pakistan in difficult times.

Ishaq Dar continued to say that Saudi leadership has always proved to be true brothers of Pakistan.

Finance Minister further said: “The country will witness more positive developments in the days ahead and it will now move towards growth trajectory”.