Finance Minister Ishaq Dar on Tuesday said that Pakistan has received $2 billion from the Kingdom of Saudi Arabia (KSA) days after the country secured another lifeline from International Monetary Fund (IMF).
“On Friday, our reserves had closed in at less than $10 billion, standing at roughly $9.67 billion so you can now imagine them close to $11.67 billion,” he said.
“You can expect this $2 billion to reflect starting this Friday in the State Bank reserves,” the minister added.
He 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 are grateful to them for having always stood by Pakistan like a true brother,” he said stressing that “as per their announcement, they [KSA] have physically submitted the deposit with the SBP”.
The finance minister also said that he expected “further positive developments” in the coming few days that would help to stabilise the country’s economy.
