Pakistan Receives Another $1 Billion From Saudi Support Package
- Islamabad expects third and final $1b transfer in January
- Pakistan’s dollar reserves down to $7.3b as of Dec. 7
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In another boost to the nation’s dwindling dollar reserves, Pakistan on Friday received $1 billion from Saudi Arabia.
South Asia’s second-largest economy is expecting its third and final $1 billion tranche from Riyadh next month to help ease Pakistan’s financial crunch, Abid Qamar, a spokesman for the State Bank of Pakistan, told Bloomberg by phone.