SBP Receives another USD1 Billion for Saudi Arabia
MG News | January 25, 2019 at 11:48 AM GMT+05:00
The State Bank of Pakistan has received the final tranche of the USD 3 Billion promised by Saudi Arabia.
With the receipt of USD 1 Billion, Pakistan’s forex Reserves have jumped to more than USD 15 Billion.
On Thursday USD 1 billion arrived from UAE, out of the 3 Billion promised, with the remaining amount to be transferred in two installments.
Pakistan will be paying 3 percent to Saudi Arabia and 3.18 percent to the UAE for these loans.
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