$3billion deposit in assistance to Pakistan has been planned for renewal by Saudia Arabia. South Asian nation look to keep under control in one of Asia’s highest inflation rates and head off a current account crisis, as per people familiar with the matter.
Finance Ministry of Saudi planned for renewal its $3 billion deposit with State Bank of Pakistan this week.
Saudi Arabia also planned to provide $100 million/month for 10 months in petroleum for an additional support.
After Saudi’s vows, Pakistan’s funding gap has been filled up, Co-ordinating with the IMF in order to fully support Pakistan.
In next two days, it would be Officially announced, whereas representative of both the countries Saudi Arabia and Pakistan didn’t immediately reply to messages seeking comment.
