ISLAMABAD: Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin has confirmed that Pakistan has received $3 billion from Saudi Arabia.
Shaukat Tarin took to Twitter and shared that he was very grateful to Crown Prince Muhammad bin Salman for sending the funds and added that Saudi Arabia is standing by Pakistan at every difficult time.
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 may be recalled that Saudi Arabia had promised to keep $3 billion in the State Bank of Pakistan which would be deposited for one year and Pakistan would pay 4 percent annual profit to Saudi Arabia on this amount.
On the other hand, a few days ago, Federal Minister Fawad Chaudhry said that Saudi Arabia would also provide 1.2 billion in financing for refined petroleum products.
