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Pakistan receives $2 billion from Saudi Arabia

IndiaTimes Tuesday, 11 July 2023
Saudi Arabia has deposited$2 billion in thePakistan central bankdays after Islamabad reached a staff-level agreement with the International Monetary Fund (IMF) on a $3 billionstandbyarrangement, Pakistan finance minister Ishaq Dar said on Tuesday.
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News video: Pakistan secures IMF approval for $3bn bailout; gets funds from Saudi Arabia and UAE | Oneindia News

Pakistan secures IMF approval for $3bn bailout; gets funds from Saudi Arabia and UAE | Oneindia News 02:03

 The International Monetary Fund (IMF) board has given its approval for a $3bn bailout for Pakistan. The crisis-hit nation will get about $1.2bn upfront, with the rest due to be paid out over the next nine months. The South Asian nation was on the brink of defaulting on its debts. It had barely enough...

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