SBP Receives another USD1 Billion for Saudi Arabia

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.

Posted on: 2019-01-25T11:48:00+05:00