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Pakistan receives $1bn package as second installment from Saudi Arabia

Pakistan receives $1bn package as second installment from Saudi Arabia
December 14, 2018
ISLAMABAD (92 News) – Pakistan on Friday received the second installment of $1 billion from Saudi Arabia. According to the Foreign Ministry officials, the foreign exchange reserves held at $9.26 billion after taking $1 billion of Saudi package. It was also reported that Pakistan will receive the third installment in coming next month. Last month, the State Bank of Pakistan (SBP) had confirmed receiving the first $1 billion from Saudi Arabia. Earlier during the visit of Prime Minister Imran Khan in Saudi Arabia, he said that the country has received an excellent package from Saudi Arabia and now it will not be burdened even after getting a loan from the International Monetary Fund. The premier said that they are holding talks with other friendly countries for such packages. “Pakistan is playing the role of a mediator to end the Saudi-Yemen conflict. The Muslim Ummah is in trouble due to the Yemen war. We are uniting the Muslim countries,” he announced.