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

Explanation

– Pakistan and the Saudi Fund for Development (SFD) signed agreements worth $1.61 billion on February 3, 2025, in Islamabad.
– The agreements comprised a $1.2 billion deferred payment facility for oil imports (payable over one year) and a $41 million concessional loan for a gravity-flow water supply scheme in Mansehra, Khyber Pakhtunkhwa.
– The signing was witnessed by Prime Minister Shehbaz Sharif and SFD CEO Sultan Abdulrahman Al-Marshad.
– The oil financing facility helped Pakistan bolster its foreign exchange reserves ahead of the first review of its $7 billion IMF bailout program in March 2025.