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Saudi Arabia Deposited 2 Billion Dollar In State Bank Of Pakistan.

Finance Minister Ishaq Dar has said in a press conference that Pakistan’s economy is better than before, more stability will come soon. Saudi Arabia has deposited 2 billion dollars in the State Bank, this will increase the foreign exchange reserve.
On behalf of Prime Minister Shahbaz Sharif and Army Chief, I thank the Saudi leadership. The finance minister said that in the future economic affairs will improve, Saudi Arabia stands with Pakistan in difficult times. There will be better developments in the coming days.
Pakistan’s currency rating is upgraded by global rating agency FITCH.

Earlier, Finance Minister Ishaq Dar said that the international rating agency Fitch has upgraded Pakistan’s rating from IDR to “Triple C”.

I congratulate Prime Minister Shehbaz Sharif, the nation, government coalition parties and the entire economic team. This rating is another positive news towards Pakistan’s current economic crisis. While the Prime Minister’s Special Assistant on Economy and Energy Bilal Azhar Kayani said that the current government is determined to bring economic and political stability to the country,
The first installment of 1.1 billion dollars will be given to Pakistan after the IMF Executive Board meeting.

He said that Saudi Arabia, UAE, friendly countries and bilateral and multilateral partners will also start supporting Pakistan, which will further increase the foreign exchange reserves, and the rate of inflation will gradually decrease in the coming months.

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