SBP has received the last tranche of the financial package

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The State Bank of Pakistan received the last installment (USD 1 Bn) of the financial package from Saudi Arabia today.

The Forex Reserves also witnessed an increase of more than USD 15 Billion.

The forex reserves have shown improvement on the backing of the USD 1 billion received from UAE as financial assistance loan. While the rest of 2 Bn will be transferred in two installments.

Pakistan will be paying 3% to Saudi Arabia & 3.18 percent to the UAE for these loans.

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