No Result
View All Result
Monday, July 28, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    File Photo

    Alizeh Shah claims she is receiving death threats from fellow actress

    (Image: cinebuster.in)

    Who is Ruchi Gujjar and what did she do?

    Chal Mera Putt 4

    Trailer released for Chal Mera Putt 4 featuring Pakistani stars

    Gen V

    Gen V returns: What shocking truths are unveiled in the season 2 trailer?

    Image: Dunya News

    Does Dua Zahra love Babar Azam? The actress shares what’s in her heart

    image: Screengrab

    What is controversial about Benazir Bhutto in Indian film Dhurandhar that angers Pakistanis?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    File Photo

    Alizeh Shah claims she is receiving death threats from fellow actress

    (Image: cinebuster.in)

    Who is Ruchi Gujjar and what did she do?

    Chal Mera Putt 4

    Trailer released for Chal Mera Putt 4 featuring Pakistani stars

    Gen V

    Gen V returns: What shocking truths are unveiled in the season 2 trailer?

    Image: Dunya News

    Does Dua Zahra love Babar Azam? The actress shares what’s in her heart

    image: Screengrab

    What is controversial about Benazir Bhutto in Indian film Dhurandhar that angers Pakistanis?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Uncategorized

Pakistan receives $3bn from Saudi Arabia to stabilise foreign exchange

MM News Staff by MM News Staff
October 27, 2021
source: online

source: online

ISLAMABAD: The Saudi government announced a deposit of $3 billion with the State Bank of Pakistan (SBP) besides a $1.2 billion deferred oil facility to Pakistan to help its balance of payment issues.

According to Saudi media, the Saudi Fund for Development (SFD) in a “generous gesture” announced a deposit of  S3 billion with the State Bank of Pakistan to help the government support its foreign currency reserves and counter the impact of the coronavirus pandemic.

The report said the deposit was in addition to an oil deferred payment facility of $1.2 billion for petroleum products during the year. The announcement would help ease pressure on Pakistan’s foreign exchange reserves, due to the recent sharp hike in global commodity prices.

Federal Information Minister Chaudhry Fawad Hussain shared the major development, a day after Prime Minister Imran Khan returned from a three-day visit to the Kingdom to attend the Middle East Green Initiative of the Saudi Crown Prince.

Read also: Saudi Arabia outlines climate plans under Mideast Green Initiative

“Breaking news Saudi Arabia announcement support Pakistan with 3 billion US dollar as deposit in Pakistan central bank and also financing refined petroleum product with 1. 2 billion us dollars during the year.”

Breaking news
Saudi Arabia announcement support Pakistan with 3 billion US dollar as deposit in Pakistan central bank
and also financing refined petroleum prodcut with 1. 2 billion us dollars during the year https://t.co/z2izW1avIT https://t.co/z2izW1avIT

— Ch Fawad Hussain (@fawadchaudhry) October 26, 2021

In a statement on Twitter, Finance Minister Shaukat Tarin thanked the Crown Prince and KSA for this “kind gesture.” He said “Yesterday evening the Finance Minister of Saudi Arabia informed me of the generous gesture of the Kingdom of Saudi Arabia to place US$3bn with SBP & a $1.2bn deferred oil facility to help the balance of payment of Pakistan.

Yesterday evening the Finance Minister of Saudi Arabia informed me of the generous gesture of the Kingdom of Saudi Arabia to place US$3bn with SBP & a $1.2bn deferred oil facility to help the balance of payment of Pakistan.We thank the Crown Prince & the KSA for this kind gesture

— Shaukat Tarin (@shaukat_tarin) October 27, 2021

Minister of Energy Hammad Azhar, who accompanied the Prime Minister on his visit to Saudi Arabia said the Saudi Development Fund has generously announced for Pakistan an oil deferred payments facility of $1.2bn/annum and a $3 bn deposit with SBP. “This will help ease pressures on our trade & forex accounts as a result of global commodities price surge,” he said

The Saudi Development Fund has generously announced for Pakistan an oil deferred payments facility of $1.2bn/annum and a $3 bn deposit with SBP. This will help ease pressures on our trade & forex accounts as a result of global commodities price surge.

— Hammad Azhar (@Hammad_Azhar) October 26, 2021

Tags: mm newsPM Imran Khansaidi arab
ShareTweetSendShare
Previous Post

Former cricketer Shoaib Akhtar resigns from PTV Sports during live show

Next Post

Sania Ashiq decides to take legal action after facing targeted harassment

Related Stories

Screen grab
Uncategorized

Viral video sparks outrage as Karachi traffic police ‘fine’ cyclist

July 26, 2025
Imran Khan during court appearance: Fie photo
Uncategorized

Imran Khan moves SC after bail rejection in May 9 cases

July 26, 2025
File
Uncategorized

Buildings constructed on nullahs to be sealed in THIS Pakistan city

July 25, 2025
c
Top News

Safar moon 2025 not sighted across Pakistan

July 25, 2025
Uncategorized

Four young sisters drown in creek in Balochistan’s Loralai

July 25, 2025
Prime Minister Shehbaz Sharif (right) meets Dr Fouzia Siddiqui, sister of Dr Aafia Siddiqui, at the PM Office in Islamabad, on July 25, 2025. — APP
Top News

PM Sharif assures all possible support in Dr Aafia Siddiqui’s case

July 25, 2025
Online
Uncategorized

Son of rickshaw driver tops Punjab Matric exams in Arts group

July 25, 2025
File photo
Uncategorized

PTI leader Hammad Azhar decides to surrender before court

July 25, 2025
File photo
Uncategorized

PAF successfully completes rescue mission in GB after flash floods

July 25, 2025
Pic credit: DP
Uncategorized

Viral video: Revo overturns at Karachi’s Sea View

July 24, 2025
Next Post
source: online

Sania Ashiq decides to take legal action after facing targeted harassment

Trending Stories

OpenAI CEO Sam Altman (File Photo)
Technology

Don’t share your deepest secrets with ChatGPT, warns Sam Altman

by MM News Staff
July 27, 2025
File Photo
Daily Buzz

Alizeh Shah claims she is receiving death threats from fellow actress

by MM News Staff
July 27, 2025
(Representational Image)
Crime

Two fake doctors arrested after performing surgery on woman in Bahawalnagar

by MM News Staff
July 27, 2025
(Image: cinebuster.in)
Film & TV

Who is Ruchi Gujjar and what did she do?

by MM News Staff
July 27, 2025
National

Karachi residents pay the highest price for flour in Pakistan

by MM News Staff
July 27, 2025

Opinion

nadeem moulvi
From Sects to Sunnah
July 15, 2025
- Nadeem Moulvi
Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Rescue personnel evacuate villagers by boat from a flooded village following heavy rains in the Taunsa district of Punjab on July 16, 2025. — AFP
National

Thousands displaced, crops destroyed as floods wreak havoc in Punjab

by MM News Staff
July 27, 2025

Floods have caused widespread devastation across several cities in Punjab, damaging crops and leaving...

File photo

KP issues travel advisory amid monsoon showers

July 26, 2025
Image: file photo

Weather updates for Islamabad, other parts of country

July 26, 2025
File Photo

Another monsoon spell to begin in Pakistan from July 28

July 25, 2025
See all

Prices

National

Karachi residents pay the highest price for flour in Pakistan

by MM News Staff
July 27, 2025

Residents of Karachi are compelled to purchase the costliest flour in Pakistan, with a...

representative image

Gold prices in Pakistan today- Sunday 27 July 2026

July 27, 2025
representative image

Gold prices in Pakistan today- Saturday 26 July 2026

July 26, 2025
File Photo

Govt to deregulate electricity prices under new competitive energy market policy

July 25, 2025
See all

Transport News

Chakwal
Crime

Tragic bus crash in Chakwal: 6 dead, 24 injured near Dhok Sial

by MM News Staff
July 27, 2025

A bus fell into a ravine near Dhok Sial on the motorway in Chakwal,...

Charged Parking

Has the Sindh government put an end to parking fee extortion?

July 25, 2025

E-Taxi scheme launch date unveiled in Punjab

July 24, 2025
(File Photo)

Air Arabia Abu Dhabi expands operations in Pakistan with new Faisalabad, Multan flights

July 24, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.