Finance

Saudi Fund for Development to finance Pakistan’s oil derivatives worth $1 bln

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Jan 12 (Reuters) – The Saudi Fund for Growth will finance Pakistan’s oil derivatives value $1 billion, Pakistan’s financial affairs division mentioned on Thursday.

The fund’s chief government, Sultan Abdulrahman Al-Marshad, signed an settlement pledging the financing on Thursday with Pakistan’s secretary of ministry of financial affairs, the division mentioned on Twitter.

Reporting by Shivam Patel in New Delhi; Modifying by Krishna N. Das

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