SFD signs new agreement with Pakistan to finance oil derivatives

SFD signs new agreement with Pakistan to finance oil derivatives

Islamabad (Web Desk): Saudi Arabia will finance oil derivatives worth $1 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 (SFD) and the Economic Affairs Division of Pakistan.

Chief Executive Officer (CEO) of SFD Sultan Abdulrahman Al-Marshad and Secretary Ministry of Economic Affairs Dr Kazim Niaz signed the agreement, the Radio Pakistan reported.

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