Cash strapped Pakistan gets $2 billion in Saudi financial support

July 11, 2023 at 11:25 PM

Pakistan has received $2 billion in financial support from Saudi Arabia, Pakistan Prime Minister announced on Tuesday, a day before the International Monetary Fund’s board is expected to give final approval for a much-needed $3 billion bailout.

Saudi Arabia has deposited the funds with the central bank, boosting foreign exchange reserves when Pakistan was left with barely enough to cover a month of controlled imports.