Pakistan Got Three Billion Dollars Loan from Saudi Arabia
Shaukat Tareen, financial advisor to Pakistan’s Prime Minister Imran Khan, has said that this loan is part of the economic package from Saudi.
Pakistan is facing economic challenges. Pakistan‘s economy has collapsed due to rising inflation rate, depleting foreign exchange reserves, increasing pressure of current account deficit and thin condition of Pakistani currency rupee.
Shaukat Tareen tweeted, “I thank the Crown Prince of Saudi Arabia and King Salman for this help.”
Good news, US$3 billion Saudi deposit received by SBP. I want to thank His Excellency Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia for the kind gesture.
— Shaukat Tarin (@shaukat_tarin) December 4, 2021
Saudi Arabia has given this loan to Pakistan at an interest of four percent for one year. The agreement was signed last month.
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Shaukat Tareen, financial advisor to Pakistan's Prime Minister Imran Khan, has said that this loan is part of the economic package from Saudi.
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