SFD signs new agreement with Pakistan to finance oil derivatives

Saudi Arabia will finance oil derivatives worth one billion dollar to support Pakistan’s economy, sector growth, and navigating economic challenges.

An agreement to this respect was signed in Islamabad on Thursday between Saudi Fund for Development and the Economic Affairs Division of Pakistan.

Chief Executive Officer of SFD Sultan Abdulrahman Al-Marshad and Secretary Ministry of Economic Affairs in Dr Kazim Niaz signed the agreement.

The strategic agreement comes as a continuation of the support provided by Saudi Arabia to Pakistan to build a sustainable economy.

Source: Radio Pakistan