ISLAMABAD: A big economic news has come to Pakistan. The State Bank of Pakistan has received $2 billion from the Ministry of Finance of Saudi Arabia with a value date of April 15, 2026.
This amount is part of the total new financial assistance of $3 billion approved by Saudi Arabia, the remaining amount of which is also expected to be received soon.
This important development came during the current visit of Prime Minister Shehbaz Sharif to Saudi Arabia. Prime Minister Shehbaz Sharif and Saudi Crown Prince Muhammad bin Salman held a two-hour-long important meeting, in which the changing situation in the region and matters of mutual interest were discussed in detail.
Expressing complete solidarity with Saudi Arabia in the context of recent regional tensions, the Prime Minister said that the Pakistani people stand shoulder to shoulder with their Saudi brothers.
According to Finance Minister Muhammad Aurangzeb, these additional deposits of $3 billion are not part of the previous annual ‘rollover’ arrangement, but have been extended for a long period. This move will provide a major boost to Pakistan’s foreign exchange reserves and there is a strong hope that the reserves will reach $18 billion by the end of the fiscal year.
QUETTA: The joint operation Shaaban of the Pakistan Army, FC Balochistan, and the police is…
ISLAMABAD (Ahsan Bukhari): A fresh investigation has been initiated by Customs authorities after the owners…
ISLAMABAD: The Aviation Safety Agency has warned airlines that flights over the airspace of Gulf…
ANKARA: Field Marshal Asim Munir held an important meeting with Turkish President Recep Tayyip Erdogan…
ISLAMABAD: The highly controversial Indian movie named 'Satluj' has been the talk of the town…
ISLAMABAD: In view of the increasing tension in the region and the fears of closure…