Pakistan has received a second $1 billion installment from Saudi Arabia, stabilizing foreign reserves.
Islamabad: (Right Now News) Pakistan has received another $1 billion installment from Saudi Arabia.
According to the State Bank of Pakistan, $1 billion was received from Saudi Arabia on the value date of April 20.
This amount is the second installment of the $3 billion deposit provided by Saudi Arabia, which will help stabilize Pakistan’s foreign exchange reserves.
Earlier, on April 15, Pakistan received the first installment of $2 billion, strengthening the financial system.
It is important to note that this financial assistance from Saudi Arabia is considered crucial for pulling Pakistan’s economy out of crisis.
