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Akhtar Khan

Akhtar Khan
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http://akhtarkhanviews.com/
Chief Editor at Pak Affairs --journalist and social media activist based in Islamabad. He tweets @akhtarkhanviews
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Babar, Rizwan break Mathew Hayden's T20 World cup record

Babar, Rizwan break Mathew Hayden’s T20 World cup record

Govt refuses to allow vintage car import

Govt refuses to allow vintage car import

Pakistan receives $3bn in funds from Saudi Arabia The State Bank of Pakistan on Saturday received a much-awaited $3 billion deposit from Saudi Fund for Development, reports Geo. Taking to official Twitter handle, Adviser to Prime Minister on Finance and Revenue Shaukat Tarin announced: “Good news, $3 billion Saudi deposit received by SBP.” The PM's aide acknowledged the support provided by Saudi Arabia and wrote: “I want to thank Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia for the kind gesture.” On November 29, the central bank of Pakistan and the Saudi Fund for Development signed a deposit agreement for funds worth $3 billion. According to a joint statement, under this deposit agreement, SFD shall park $3 billion in the SBP. “The deposit amount under the agreement shall become part of SBP’s foreign exchange reserves,” it had said. The central bank had stated that the deposit would help support Pakistan’s foreign currency reserves and “contribute towards resolving the adverse effects of the COVID-19 pandemic.” The deposit agreement was signed by SFD Chief Executive Officer H E Sultan Bin AbdulRahman Al-Marshad and the SBP Governor Dr Reza Baqir at the State Bank of Pakistan in Karachi. On October 27, the Saudi Fund for Development agreed to deposit $3 billion in the SBP to help support its foreign reserves. The fund had stated that an official directive was issued to supply $1.2 billion to finance Pakistan’s oil products trade during the year. Saudi Arabia will charge around 3.2 to 3.5% markup on annual basis for this deposit amount. According to the central bank, Pakistan’s total liquid foreign reserves stood at $22.498.8 billion on November 26, 2021. The break-up of the figures shows that foreign reserves held by the SBP were standing at $16.010.3 billion and net foreign reserves held by commercial banks were standing at $6.488.5 billion. During the week ended on November 26, 2021, the SBP's reserves decreased by $244 million or 1.5%.

$3b Saudi cash to be deposited in Pakistan soon: envoy

Myanmar sentences US journalist Danny Fenster to 11 years in prison

Myanmar sentences US journalist Danny Fenster to 11 years in prison

Indian man arrested for threatening to rape Virat Kohli's infant daug

Indian man arrested for threatening to rape Virat Kohli’s infant daughter

Govt to launch nation single emergency helpline 911 this month

Govt to launch nation single emergency helpline 911 this month

Officials Deny Selling US Military Equipment to Pakistan

Officials deny selling US military equipment to Pakistan

Smuggled Romanov royal jewels sell for nearly $900,000

Smuggled Romanov royal jewels sell for nearly $900,000

Pakistan's car sales climbed 45% year-on-year in October

Pakistan’s car sales climbed 45% year-on-year in October

Twitter praises Muhammad Rizwan for his fight in Semi-final despite illness

Twitter praises Muhammad Rizwan for his fight in Semi-final despite illness

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