Pakistan Receives $1 Billion Saudi Deposit, Pauses Sudan Arms Deal
Pakistan has received a $1 billion deposit from Saudi Arabia, marking the second tranche of a $3 billion financial aid package. This development comes amid reports that Pakistan paused a $1.5 billion arms deal with Sudan following objections from Saudi Arabia.
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Pakistan pauses $1.5 billion Sudan arms deal after Saudi objection: Report
Pakistan has halted a $1.5 billion weapons and fighter jet deal with Sudan following Saudi Arabia's request to terminate the arrangement and withdraw financing. This development occurs amidst Sudan's ongoing conflict and intensifies regional rivalries, with Saudi Arabia previously brokering the deal.
By TOI WORLD DESK
Read full article →Pakistan receives $1bn from Saudi Arabia as second tranche of $3bn deposit
The State Bank of Pakistan (SBP) confirmed on Tuesday that Pakistan has received $1 billion from the Kingdom of Saudi Arabia. “State Bank of Pakistan has received funds of US$ 1 billion from Ministry of Finance, Kingdom of Saudi Arabia in the value date of 20April2026.” The central bank said this is the second tranche of the $3bn deposit recently agreed by Saudi Arabia. The first tranche of $2bn was transferred last week. More to follow
By none@none.com (News Desk)
Read full article →SBP receives $1b from Saudi Arabia, second tranche of $3b deposit
Inflows expected to bolster foreign exchange reserves amid ongoing efforts to maintain macroeconomic stability
By Web Desk
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