Source :- The Hindu
The Executive Board of the IMF is set to meet on July 12 to review the SBA for Pakistan.
u201cState Bank of Pakistan (SBP) has received (a) deposit of $2 billion from the Kingdom of Saudi Arabia. This inflow has increased the forex reserves held by SBP and will accordingly be reflected in the forex reserves for the week ending 14 July 2023,u201d Mr. Dar said in a statement on Twitter.
Prime Minister Shehbaz Sharif also extended deep gratitude to the u201cleadership and brotherly people of the Kingdom of Saudi Arabiau201d for the deposit and thanked Crown Prince Mohammed bin Salman for ensuring this financial support to Pakistan.
Source:- ARY Newsu201cThis deposit will strengthen Pakistanu2019s foreign exchange reserves. It reflects the growing confidence of our brotherly countries and the international community in Pakistanu2019s economic turnaround. We remain committed to making all necessary efforts to improve Pakistanu2019s economy,u201d the Premier said.
He also appreciated Mr. Dar and Army Chief General Asim Munir for the u201cvaluable efforts they have madeu201d for the economy’s betterment.Share your views in the comments.
