Pak receives $ 1 billion tranche from Saudi Arabia

Islamabad: Pakistan Friday received the third tranche of one billion dollars from Saudi Arabia.

The State Bank of Pakistan confirmed that it has received the amount. Under the financial package, Saudi Arabia had agreed to provide three billion dollars to Pakistan as balance of payment support besides providing oil on deferred payment for three years.

State Bank of Pakistan has also received one billion dollars from the United Arab Emirates (UAE) which has committed to provide the financial support package of three billion dollars to Pakistan.