Islamabad - Remittances from the Gulf countries and Western countries reached $2.3 billion in September.
Published: Tue 13 Oct 2020, 9:27 AM
Updated: Tue 13 Oct 2020, 11:32 AM
Pakistan and the International Trade Finance Corporation of the Islamic Development Bank signed a financing agreement amounting to $386 million for the import of oil and Liquified Natural Gas, LNG.
As per details, the facility will be utilised by Pakistan State Oil Company Limited, PSO, Pakistan Arab Refinery Limited, PARCO, and Pakistan LNG Limited.
The Pakistani side emphasised the importance of this agreement and its role in promoting economic and social development.
In another development, remittances from Pakistanis working in the Kingdom of Saudi Arabia amounted to $665 million in September this year, registering an increase of 29 per cent.
In total, remittances from the Gulf countries and Western countries reached $2.3 billion in September this year, according to the Central Bank of Pakistan data.
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