Pakistan Receives $2 Billion from Saudi Arabia

Finance Minister Ishaq Dar on Tuesday announced that Pakistan has received $2 billion from the Kingdom of Saudi Arabia, just days after securing another lifeline from the International Monetary Fund (IMF).

"On Friday, our reserves had closed at less than $10 billion, standing at roughly $9.67 billion, so you can now imagine them close to $11.67 billion," he said.

The minister extended his gratitude towards KSA, particularly King Salman and Crown Prince Muhammad bin Salman, on behalf of Prime Minister Shehbaz Sharif and Chief of Army Staff (COAS) General Syed Asim Munir.

"We're thankful to them for always standing by Pakistan like a true family," he said, emphasizing that "as per their announcement, they (KSA) have physically submitted the deposit with the State Bank of Pakistan (SBP)."

The finance minister also expressed his anticipation for "further positive developments" in the coming days that would help stabilize the country's economy.

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