$2bn deposit from Saudi Arabia to Pakistan

$2bn deposit from Saudi Arabia to Pakistan

Ishaq Dar announced that Pakistan recieved $2 billion from Saudi Arabia as International Monetary Fund (IMF) was pressing hard to fulfill the loan requirements of external funding from friendly countries to bridge the current financial requirements.

Ishaq Dar confirmed that amound had been transferred to Pakistan with State Bank of Pakistan (SBP) resulting in an increase in foreign reserves which would be reflected in the figures.

Read more | $1 billion Financial Commitment from UAE to Pakistan

Ishaq Dar took it to Twitter and thanked the Saudi leadership on behalf of Prime Minister Shahbaz Shareef, Chief of Army Staff Gen Asim Munir and people of Pakistan for their great help and support.

He said that, “GCC countries imported food and other items of worth $40 billion annually which is a great help”.

Green Pakistan Revolution

The Prime Minister of Pakistan addressed the seminar on Green Pakistan Initiative saying that, “The second Green Revolution is about making agriculture the major driver of our economic growth, leading to food security that reinforces our national security”.

He added, “The future holds the promise of departing from loans to building a resilient economy, which stands on its internal strengths”.

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