Friday, February 20, 2026
Facebook Instagram Pinterest Twitter Youtube
Advertisement
Home Pakistan Page 79

Pakistan

Latest
SBP raises cash reserve requirement of banks by 1% for first time in 13 years

SBP raises cash reserve requirement of banks by 1% for first time in 13...

SBP raises cash reserve requirement of banks by 1% for first time in 13 years
Nazim Jokhio murder investigation: PPP lawmaker's security guards make startling revelations

Nazim Jokhio’s phone recovered near PPP lawmaker’s farmhouse in Karachi

Nazim Jokhio’s phone recovered near PPP lawmaker's farmhouse in Karachi
Pakistan's COVID-19 positivity rate under 1% for second consecutive day

Pakistan’s COVID-19 positivity rate under 1% for second consecutive day

Pakistan's COVID-19 positivity rate under 1% for second consecutive day
Pakistan issues 3000 visas to Sikh pilgrims

Pakistan issues 3000 visas to Sikh pilgrims

Pakistan issues 3000 visas to Sikh pilgrims
PIA prepared to fly flights on regular basis to Kabul: CEO

PIA prepared to fly flights on regular basis to Kabul: CEO

PIA prepared to fly flights on regular basis to Kabul: CEO
China donates 100,000 covid-19 kits to Pakistan

China donates 100,000 covid-19 testing kits to Pakistan

China donates 100,000 covid-19 kits to Pakistan
80-years-old woman subjected to rape in Kamalia’s area

80-years-old woman subjected to rape in Kamalia’s area

80-years-old woman subjected to rape in Kamalia’s area
Two policemen martyred in the Bajaur bomb blast

Two policemen martyred in the Bajaur bomb blast

Two policemen martyred in the Bajaur bomb blast
Govt refuses to allow vintage car import

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

$3b Saudi cash to be deposited in Pakistan soon: envoy
1...787980...237Page 79 of 237
Advertisement
© 2026 Rights reserved - Pakaffairs.pk | Powered by The Dotani Digital