State Bank of Pakistan signed the agreement with the Saudi Fund for Development (SFD) to receive $3 billion


Karachi: Pakistan on Saturday received $3 billion from Saudi Arabia under a support package signed between the two countries.
According to details, the State Bank of Pakistan (SBP) received $3 billion from Saudi Arabia, aiming to to improve its foreign exchange reserves.
Adviser to the Prime Minister on Finance Shaukat Tarin in his Twitter post confirmed and said, “Good news, US$3 billion Saudi deposit received by SBP”.
Financial Adviser also thanked Saudi Crown Prince Mohammed Bin Salman and the kingdom for the “kind gesture”.
Good news, US$3 billion Saudi deposit received by SBP. I want to thank His Excellency Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia for the kind gesture.
— Shaukat Tarin (@shaukat_tarin) December 4, 2021
It is pertinent to remember that the State Bank of Pakistan on Monday signed an agreement with the Saudi Fund for Development (SFD) to receive $3 billion, which will be placed in the SBP’s account with an aim to improve its foreign exchange reserves.
The agreement was signed by SFD Chief Executive Officer Sultan Bin Abdul Rahman Al-Marshad and SBP Governor Dr Reza Baqir at the State Bank in Karachi, according to a statement issued by the SBP.
Pakistan set 147-run target for UAE in Asia Cup clash
- 4 hours ago
Asia Cup 2025: UAE elects to field first against Pakistan in match 10
- 6 hours ago
Singer Sara Altaf rises to stardom with back-to-back hits
- 5 hours ago
WhatsApp tests new threaded replies to organize group chats
- 3 hours ago

Arshad Nadeem qualifies for World Athletics Championship Javelin Final
- 9 hours ago

Light showers expected in Karachi over next three days
- 6 hours ago

YouTube makes earning easier for users with new monetization features
- 9 hours ago
Six killed in gas explosion at residential building in Iran
- 8 hours ago
Match referee apologized, ICC inquiry underway for Sept 14 match: Mohsin Naqvi
- 6 hours ago
200,000 tons of hoarded wheat seized across Punjab
- 5 hours ago

E-challan system to go live in Karachi from October 1
- 8 hours ago
Iraqi authorities issue new guidelines for pilgrims visiting holy sites
- 8 hours ago