RIYADH: The Saudi Fund for Development (SFD) announced it will deposit $3 billion to the State Bank of Pakistan to help the Pakistani government support its foreign currency reserves and in combating the repercussions of the coronavirus pandemic.
SFD said that the directive was issued to finance the oil derivatives trade with $1.2 billion throughout the year.
The fund added that these directives confirm the Kingdom’s continued stance in supporting the Pakistani economy.