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By Pakistan Current Affairs MCQs No Comments

When did Pakistan and Saudi Funds Development (SFD) sign a $1.61 billion agreement to boost economic cooperation?

A. 2nd February 2025
B. 3rd February 2025
C. 4th February 2025
D. 5th February 2025

Submitted by: Areesha Khan

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Pakistan and Saudi Funds Development (SFD) signed a $1.61 billion agreement on 3rd February 2025 to boost economic cooperation.

Prime Minister Shehbaz Sharif and the Chief Executive Officer of Saudi Fund for Development (SFD), Sultan Abdulrahman Al-Marshad, witnessed the signing of two significant agreements between Pakistan and SFD, valued at $1.61 billion.

The agreements were signed on Monday, further strengthening bilateral economic cooperation between the two nations. They include a deferred payment facility for oil imports from Saudi Arabia worth $1.20 billion, to be paid over one year, and a concessional loan agreement for the construction of a gravity-flow water scheme at Mansehra in Khyber Pakhtunkhwa, amounting to $41 million.

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The correct answer to the question: "When did Pakistan and Saudi Funds Development (SFD) sign a $1.61 billion agreement to boost economic cooperation?" is "3rd February 2025".

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