No Result
View All Result
Monday, June 9, 2025
MM News
اردو
  • Home
  • Latest News
  • Showbiz
    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

    Ali Zafar drops first Shina song ‘Karay Karay’ on Eidul Adha

    Ali Zafar releases first Shina language song ‘Kare Kare’

    Hania Aamir, known for her lively spirit, surprised fans with a photo carousel from Makkah, Saudi Arabia while Sana Javed, dressed in a peach ensemble, celebrated Eid with her cricketer husband Shoaib Malik

    Pakistani celebs celebrate Eidul Adha 2025 in style

    Directed by Tarun Mansukhani and produced by Sajid Nadiadwala, Housefull 5 features a power-packed lineup including Akshay Kumar and Abhishek Bachchan

    When will Akshay Kumar’s ‘Housefull 5’ get OTT release?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • Showbiz
    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

    Ali Zafar drops first Shina song ‘Karay Karay’ on Eidul Adha

    Ali Zafar releases first Shina language song ‘Kare Kare’

    Hania Aamir, known for her lively spirit, surprised fans with a photo carousel from Makkah, Saudi Arabia while Sana Javed, dressed in a peach ensemble, celebrated Eid with her cricketer husband Shoaib Malik

    Pakistani celebs celebrate Eidul Adha 2025 in style

    Directed by Tarun Mansukhani and produced by Sajid Nadiadwala, Housefull 5 features a power-packed lineup including Akshay Kumar and Abhishek Bachchan

    When will Akshay Kumar’s ‘Housefull 5’ get OTT release?

  • 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

File Photo
Uncategorized

Power Division refutes reports of ban on installing two electricity meters

June 8, 2025
(File Photo)
Uncategorized

Six of a family killed in Mardan’s gas explosion

June 7, 2025
File photo
Uncategorized

Karachi hit by two earthquakes once again

June 5, 2025
File photo
Uncategorized

Malir jail: 126 escaped prisoners re-arrested

June 5, 2025
Uncategorized

Mild earthquake hits Karachi’s Malir district

June 5, 2025
Uncategorized

CM Ali Amin Gandapur announces eid financial aid for jailed PTI workers

June 4, 2025
File photo
Uncategorized

Lahore launches body cameras for traffic wardens

June 4, 2025
Screen grab
Uncategorized

VIDEO: Bilawal Bhutto Zardari shares his weight loss journey

June 4, 2025
File photo
Uncategorized

Shehbaz govt to continue PTI-era Green Pakistan Project in Budget 2025-26

June 4, 2025
File photo
Uncategorized

Imran Khan says will lead protest movement from jail

June 4, 2025
Next Post
source: online

Sania Ashiq decides to take legal action after facing targeted harassment

Trending Stories

Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)
Film & TV

How to watch Ana de Armas’ ‘Ballerina’ online

by MM News Staff
June 8, 2025
SI Film
Film & TV

Love Guru Review: Hit or flop?

by MM News Staff
June 8, 2025
File Photo
Uncategorized

Power Division refutes reports of ban on installing two electricity meters

by MM News Staff
June 8, 2025
World

Iran claims it obtained secret Israeli military and nuclear documents

by MM News Staff
June 8, 2025
Khaby Lame, the 'king' of TikTok (Photo: TikTok)
Thought Box

Why was famous TikToker Khaby Lame arrested in the US?

by MM News Staff
June 8, 2025

Opinion

munir ahmed oped
The Betrayals Within: From Homes to Halls of Power
June 5, 2025
- Munir Ahmed
munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Bakra Eid 2025

Eidul Adha holidays: PDMA issues heatwave alert

by MM News Staff
June 5, 2025

Punjab Provincial Disaster Management Authority (PDMA) has issued an alert regarding temperature rise and...

representative image

Severe heatwave warning issued nationwide for Eid holidays

June 5, 2025
President Asif Ali Zardari

World Environment Day: Climate disasters displace millions in Pakistan: President

June 5, 2025
Image: ET

Weather updates for Karachi and other parts of country

June 5, 2025
See all

Prices

Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Govt likely to impose 18% sales tax on solar panels in budget 2025-26

by MM News Staff
June 6, 2025

Pakistan is poised to introduce major changes to its taxation framework in the upcoming...

Karachi consumers get Rs2.99/unit relief, power rates hiked elsewhere

June 5, 2025
(File)

Gold price increases Rs4,300 per tola

June 5, 2025
(Representational Image)

Will govt scrap solar net metering in budget 2025-26?

June 5, 2025
See all

Transport News

Lack of adequate public transportation facilities in Karachi has made rickshaws a popular transport.
Top News

Sindh govt bans four-seat rickshaws in Karachi

by MM News Staff
June 6, 2025

The Sindh government on Friday banned four-seater rickshaws in Karachi, while a decision has...

Air Karachi granted regular public transport license

June 5, 2025
(Representational Image, Credit: ProPakistani)

How to apply for Punjab electric taxi scheme

June 4, 2025
file photo

Govt rolls back fare hike for Islamabad bus services

June 4, 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.