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Saudi Arabia gives Pakistan $2 billion: Ishaq Dar

In addition to the $3 billion Stand-by Agreement with the International Monetary Fund (IMF), the State Bank of Pakistan (SBP) has received $2 billion from Saudi Arabia, according to Finance Minister Ishaq Dar on Tuesday.

“This inflow has increased the forex reserves held by SBP and will accordingly be reflected in the forex reserves for the week ending July 14, 2023,” added Dar.