ISLAMABAD, Nov. 10 (Xinhua) -- The government of Pakistan will sign three agreements worth 380 million U.S. dollars with the Saudi Fund for Development (SFD) on Tuesday for budgetary support and other purposes, the official APP news agency reported.

    A 200-million-dollar loan agreement would be signed between the State Bank of Pakistan (SBP) and the SFD. The Saudi government has forwarded a draft agreement to be concluded between the SBP and the Saudi Arabian Monetary Agency.

    Another agreement of 100 million would be signed between the two countries as export credit for urea fertilizer. The Food and Agriculture Ministry claimed that 3.2 million tonnes of urea fertilizer was required for the 2009-10 Rabbi season and the expected local production had been forecasted at 2.3 million tonnes.

    The ministry also claimed that the Pakistani government would import 0.7 million tons of urea fertilizer during the season. The Trading Corporation of Pakistan (TCP) would import the fertilizer on fast-track basis that would be distributed through the National Finance Commission and/or the National Fertilizer Marketing Limited.

    The third agreement to be signed would provide a loan of 80 million dollars for the Neelum-Jhelum Hydropower Project. The project is worth 130 billion rupees (about 1.6 billion dollars) and is likely to be financed by various foreign donors, including the Islamic Development Bank, the SFD, the Kuwait Fund for Development and the Abu Dhabi Fund for Development.

    A Memorandum of Understanding (MoU) would also be signed on Thursday under which Saudi Arabia would provide assistance to offices of the United Nations established in Pakistan for displaced persons of Malakand and South Waziristan.

    All these agreements are to be signed on the directions of Saudi King Shah Abdullah.　

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