Prime Minister Imran Khan thanked Crown Prince Muhammad bin Salman.


Prime Minister Imran Khan called on Saudi Crown Prince Muhammad bin Salman. Photo PMO

ISLAMABAD: Prime Minister Imran Khan has thanked Saudi Crown Prince Muhammad bin Salman for his support to the State Bank of Pakistan on 3 3 billion in deposits and 1. 1.2 billion in oil supply deferred payments.

In a tweet today, he said that Saudi Arabia has stood by Pakistan in difficult times in which the world is now facing rising commodity prices.

The Prime Minister thanked Saudi Arabia for agreeing to provide ڈالر 3 billion to increase the country’s foreign exchange reserves.

Pakistan is also working to finalize a staff-level agreement with the IMF, and an announcement is expected soon. The package from Saudi Arabia is expected to go a long way in completing the sixth review under the Extended Fund Facility (EFF).

During a recent visit with Prime Minister Imran Khan’s finance adviser Shaukat Tareen and other cabinet ministers, Saudi Arabia agreed to extend all possible assistance to Pakistan.

Shaukat Tareen and Energy Minister Hamad Azhar will address a press conference today and brief the media on further details in this regard.

Information Minister Fawad Chaudhry announced the agreement with Riaz on Twitter.

“Saudi Arabia announces ڈالر 3 billion in deposits with Pakistan’s central bank and سال 1.2 billion in refined petroleum products during the year,” he tweeted.

Energy Minister Hamad Azhar said the facility would help ease the pressure on trade and forex accounts as a result of rising commodity prices globally.

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