ISLAMABAD: Finance Minister (FM) Ishaq Dar has said Saudi Arabia has deposited 2 billon dollars in State Bank of Pakistan (SBP). .
FM said in a statement loan has come in SBP account. This has raised reserves of Pakistan. The friendly country had made a commitment in this regard in the recent past.
He said 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. He said the Saudi leadership has always proved to be true brothers of Pakistan.
The Finance Minister said the country will witness more positive developments in the days ahead and it will now move towards growth trajectory.
I hope the economic situation in Pakistan will soon grow stable. Improvement has already come therein, he remarked.