SBP pays $1bn sukuk bonds before maturity
MG News | December 02, 2022 at 11:48 PM GMT+05:00
December 2, 2022 (MLN): The State Bank of Pakistan (SBP) has paid $1 billion against sukuk bonds, three days earlier before the maturity.
Central bank has transfered the payments to Citigroup which will distribute the funds onward to creditors.
Earlier today, Saudi Arabia has extended term for $3bn deposit to the SBP through Saudi Fund for Development (SFD).
This timely payment and positive development under SDF will help economy and provide stable ground to the local currency.
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