By Shakir Husain
HYDERABAD, April 21 (Bernama) -- Pakistan has received US$3 billion from Saudi Arabia to boost its foreign exchange reserves.
The State Bank of Pakistan (SBP) said on Tuesday it received US$1 billion, the second tranche of the recently agreed US$3 billion Saudi deposit, from the Saudi Ministry of Finance on Monday.
The first tranche of US$2 billion was received on April 15.
The Saudi fund will improve Pakistan's balance of payment situation amid its maturing external repayment commitments in the coming weeks, including US$3.5 billion to Abu Dhabi this month.
Pakistan's total liquid foreign reserves stood at US$20.52 billion on April 10, according to the SBP.
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