Transfer of $3 billion from Saudi Arabia to Pakistan faces delay: sources

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Transfer of $3 billion from Saudi Arabia to Pakistan faces delay: sources

ISLAMABAD – Transfer of US$3 billion from Saudi Arabia to Pakistan for balance of payment support faces official procedural delays.

The delay in the transfer of promised US$3 billion from Saudi Arabia is delayed due to official procedure and amount would be deposited in the State Bank of Pakistan (SBP) account soon.

Pakistan is yet to receive US$3 billion pledged by Saudi Arabia during Prime Minister Imran Khan’s visit last month. The delay was due to official procedure and the amount would be disbursed to Pakistan soon.