Pakistan, April 21 -- Pakistan has received another major financial boost after Saudi Arabia transferred $1 billion into the country's account, strengthening foreign exchange reserves and providing temporary relief to the economy. The inflow forms part of a broader financial support package designed to stabilise Pakistan's balance of payments and support overall economic conditions.
The State Bank of Pakistan confirmed that the latest $1 billion deposit arrived from the Saudi Ministry of Finance on April 20. Officials said the transfer represents the second installment of a previously agreed $3 billion deposit programme between the two countries aimed at reinforcing Pakistan's financial stability.
Earlier in the same arrangement, Pakist...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.