The State Bank of Pakistan has received a fund transfer of $2 billion from the Ministry of Finance of the Kingdom of Saudi Arabia.
The transaction was executed with a value date of April 15, 2026, the central bank confirmed in a post on social media platform X.
Earlier it was reported that Saudi Arabia and Qatar would provide Pakistan $5 billion in financial assistance to Pakistan.
It is PM Muhammad Shehbaz Sharif is meeting with the Crown Prince of Saudi Arabia, Prince Muhammad bin Salman bin Abdulaziz Al Saud, in Jeddah.
The Prime Minister is accompanied by Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar.
PM Shehbaz Sharif arrives in Saudi Arabia
PM Shehbaz Sharif landed in Saudi Arabia on Wednesday as part of the initial segment of his three-nation tour, which is taking place amid ongoing active negotiations aimed at achieving peace in the Middle East.
The Prime Minister is on a visit to Saudi Arabia, Qatar, and Turkey from April 15 to 18.
Deputy Prime Minister and Foreign Minister Ishaq Dar, Information Minister Atta Tarar, and Special Assistant Tariq Fatemi are also accompanying him.
According to the Prime Minister’s Office, he is set to engage in a bilateral meeting with Saudi Crown Prince and Prime Minister Mohammed bin Salman.
This meeting will focus on enhancing bilateral relations and exchanging perspectives on the regional situation. Upon his arrival, the premier and his delegation were welcomed by Makkah Deputy Governor Prince Saud bin Mishaal bin Abdulaziz, Saudi Arabia’s Ambassador to Pakistan Nawaf bin Saeed Al-Malki, and Pakistan’s Ambassador to Saudi Arabia Ahmad Farooq.
PM Shehbaz Sharif’s visit comes after three days after the US and Iran failed to reach an agreement to conclude their conflict, despite extensive negotiations that lasted approximately 21 hours.
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