KARACHI: According to sources it has been confirmed that the agreement for the placement of the second tranche of $2 billion by Abu Dhabi Funds with the SBP has been signed. These funds are expected to be received soon by State Bank of Pakistan. This brotherly gesture is done inorder to elevate the economy of Pakistan and to bring it back on its economic track.
In the start of the year, the State Bank of Pakistan had signed an agreement with ADFD for $3 billion to be deposited in the State Bank of Pakistan account.
Foreign Office has announced that the funds “will help Pakistan achieve financial stability and overcome economic challenges”.