{"id":45748,"date":"2018-12-17T12:04:10","date_gmt":"2018-12-17T07:04:10","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=45748"},"modified":"2018-12-17T12:04:10","modified_gmt":"2018-12-17T07:04:10","slug":"pakistan-receives-second-tranche-from-saudi-arabia","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-receives-second-tranche-from-saudi-arabia.html","title":{"rendered":"Pakistan receives second tranche from Saudi Arabia"},"content":{"rendered":"<p>Karachi: Pakistan has received its second bailout package worth USD 1 billion from Saudi Arabia, a news source quoted State Bank spokesman Abid Qamar. Another Saudi financial package is expected to arrive in January 2019.<\/p>\n<p>During his visit to Saudi Arabia, Prime Minister Imran Khan had secured a bailout package to help address Pakistan\u2019s balance of payments crisis. Riyadh had pledged USD 3 billion for a year. Riyadh had also agreed to provide a one-year deferred payment facility for import of oil worth USD 3 billion.<\/p>\n<p>The first tranche worth USD 1 billion was transferred to the State Bank on November 9, but the amount had recently run out. With the arrival of the second tranche, the central bank\u2019s reserves were shored up at well over USD 7 billion.<\/p>\n<p>Saudi Arabia is also investing in various development projects in Pakistan. It recently <a href=\"https:\/\/www.zameen.com\/news\/saudis-to-execute-pkr-2-bn-water-scheme-after-japan-pullout.html\">pledged to execute the PKR 2 billion Mansehra water supply scheme <\/a>that was abandoned by Japan International Cooperation Agency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Pakistan has received its second bailout package worth USD 1 billion from Saudi Arabia, a news source quoted State Bank spokesman Abid Qamar. Another Saudi financial package is expected to arrive in January 2019. During his visit to Saudi Arabia, Prime Minister Imran Khan had secured a bailout package to help address Pakistan\u2019s balance of payments crisis. Riyadh had pledged USD 3 billion for a year. Riyadh had also agreed to provide a one-year deferred payment facility for import of oil worth USD 3 billion. The first tranche worth USD 1 billion was transferred to the State Bank on November 9, but the amount had recently run out. With the arrival of the second tranche, the central bank\u2019s reserves were shored up at well over USD 7 billion. Saudi Arabia is also investing in various development projects in Pakistan. It recently pledged to execute the PKR 2 billion Mansehra water supply scheme that was abandoned by Japan International Cooperation Agency.<\/p>\n","protected":false},"author":67,"featured_media":45749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[9401],"persona":[],"class_list":{"0":"post-45748","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-pakistan-receives-second-tranche-from-saudi-arabia"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan receives second tranche from Saudi Arabia - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Pakistan has received its second bailout package worth USD 1 billion from Saudi Arabia, a news source quoted State Bank spokesman Abid Qamar.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-receives-second-tranche-from-saudi-arabia.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan receives second tranche from Saudi Arabia - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Pakistan has received its second bailout package worth USD 1 billion from Saudi Arabia, a news source quoted State Bank spokesman Abid Qamar.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-receives-second-tranche-from-saudi-arabia.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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