Saudi Arabia will soon provide a loan of 300 300 million to debt-ridden Pakistan

Imran-led cabinet approves agreement to keep money in country's central bank

Islamabad: Facing financial crisis, Pakistan will soon get a 3 billion loan from Saudi Arabia. Meanwhile, a cabinet headed by Prime Minister Imran Khan has approved an agreement to keep the amount in the country's central bank, media reports said.

According to Pakistani media, the Saudi government has promised to keep રકમ 3 billion in the State Bank of Pakistan. According to the agreement, the assistance will remain in the deposit account of State Bank of Pakistan for one year.

According to official sources, State Bank of Pakistan has made all arrangements and the fixed deposit amount will be received in a day or two. According to a document issued by the government, the money received from Saudi Arabia will be kept in the State Bank of Pakistan.

Pakistan's Liquid Foreign Reserve stood at .7 22.773 billion as of November, 2019. These figures show that the State Bank of Pakistan's foreign reserves have reached. 16.254 billion. Commercial banks have net foreign reserves of Rs 6.519 billion.

According to sources, Saudi Arabia will provide 1. 1.2 billion for the supply of refined petroleum oil lubricants (POL) products, according to the Pakistan government's economic affairs division.

Muzammil Aslam, a spokesman for the prime minister's financial adviser, said Pakistan would receive 7 7 billion from three sources in the next 60 days. That includes 3 billion from Saudi Arabia.