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Pkr closed at 172.78 after $4.2 billion Saudi support package

by Web Desk
October 27, 2021
in Business, Economy
0
US$ falls under 170 against Pkr in intra-bank market
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Pkr gain Rs 2.5 and Pkr closed at Pkr 172.78 against dollar in Interbank trade on Wednesday (October 27) after Saudi Arabia issued a $4.2 billion support package for Pakistan.

Support Package from Saudi Arabia came after Prime Minister’s 3-day visit to Saudi Arabia, this will help shore up Pakistan foreign reserves, which was previously shrinking.

Prime Minister of Pakistan thanked the Saudi Prince via twitter.

I want to thank HRH Prince Mohammad bin Salman for supporting Pak with $3 bn as deposit in Pak's central bank & financing refined petroleum product with $1.2 bn. KSA has always been there for Pak in our difficult times incl now when world confronts rising commodity prices.

— Imran Khan (@ImranKhanPTI) October 27, 2021
Tags: Closing RatePakistani rupeeSaudi
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