Pakistan gets $2 billion in Saudi financial support – FinMin – Reuters

Pakistan gets $2 billion in Saudi financial support – FinMin – Reuters

ISLAMABAD, July 11 (Reuters) - Pakistan has received $2 billion in financial support from Saudi Arabia, Finance Minister Ishaq Dar said on Tuesday, a day before the International Monetary Fund's board is expected to give final approval for a much-needed $3 billion bailout.

"I thank Saudi Arabia on behalf of the prime minister and army chief," Dar said in a recorded video statement, terming it a "great gesture" from the longtime ally.

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