Islamabad (UNA/APP) – The Government of Pakistan and the Saudi Fund for Development (SFD) have signed two agreements worth US$ 1.61 billion to further consolidate bilateral economic cooperation. The signing ceremony of the agreements was held in the capital Islamabad today in the presence of Prime Minister Shehbaz Sharif and CEO of the Saudi Fund for Development Sultan Abdulrahman Al-Murshed. The important agreements relate to deferred payment for oil imports from Saudi Arabia worth US$ 1.2 billion for a period of one year, and a soft loan agreement worth US$ 41 million for construction of a water project in Mansehra district of Khyber Pakhtunkhwa province of Pakistan. The signing ceremony was also attended by Deputy Prime Minister and Foreign Minister Ishaq Dar and Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Maliki.
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