Saudi Arabia will send $ 3 billion to support economy of Pakistan

Saudi Arabia Development Fund in the next two weeks will place a deposit of $ 3 billion in the Central Bank of Pakistan. This is reported by the Reuters agency with reference to the statement of the Central Bank of Pakistan.

According to the report, the amount of the deposit by agreement should be part of the currency reserves of the Central Bank of Pakistan.

It is noted that funds will be placed under 4% per annum as part of the Pakistan economy support package agreed by Islamabad and Er-Riyada last month.

According to the agency, Pakistan’s authorities face growing economic problems caused by a reduction in currency reserves, depreciation of the national currency and a high level of inflation.