Saudi Arabia signed a USD 240 million loan agreement with Pakistan on Friday to support the Mohmand Multipurpose Dam Project, according to a statement issued by the Ministry of Economic Affairs of Pakistan, Dawn reported. The agreement was signed by Sultan Abdulrahman Al-Marshad, CEO, Saudi Fund for Development (SFD) and Kazim Niaz, Federal Secretary for the Ministry of Economic Affairs. Saudi Ambassador to Pakistan Nawaf bin Said Al-Malki was also present on the occasion.
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