Daily Archives: December 19, 2018

Pakistan receives second $1bn deposit received from Saudi Arabia: SBP

KARACHI: A State Bank of Pakistan (SBP) official on Friday confirmed that a second $1 billion bailout package from Saudi Arabia had been received by Pakistan.

According to Spokesman of State Bank of Paksitan (BSP) Abid Qamar, confirming the development, said that the latest package had shored up the central bank’s foreign reserves, hitting the $9.4bn mark.

The SBP spokesman added that another Saudi financial package was expected to arrive in January 2019.