Pakistan's state bank coffers were further boosted Wednesday by a $1 billion deposit from the United Arab Emirates, officials said, ahead of a key International Monetary Fund (IMF) board meeting to approve new funding. The deposit comes a day after Saudi Arabia transferred $2 billion to Islamabad, and brings the state's foreign reserves to $7.5 billion -- more than double last week's account balance.
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Wednesday, July 12, 2023
Pakistan gets $1 billion boost from UAE ahead of key IMF decision July 12, 2023 at 06:16AM
Pakistan's state bank coffers were further boosted Wednesday by a $1 billion deposit from the United Arab Emirates, officials said, ahead of a key International Monetary Fund (IMF) board meeting to approve new funding. The deposit comes a day after Saudi Arabia transferred $2 billion to Islamabad, and brings the state's foreign reserves to $7.5 billion -- more than double last week's account balance.
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