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balance of payment crisis

State Bank receives another US$ one bln Saudi tranche

KARACHI: Pakistan's central bank has received another installment of one billion dollars from Saudi Arabia's bailout package for Pakistan. A spokesman of State Bank of Pakistan (SBP) has said that the bank has received another tranche of one billion US dollars from the package, the kingdom had announced after visit of Prime Minister Imran Khan. The central bank has so far received two bln dollars from Saudi Arabia, the spokesman said. After fresh tranche of the Saudi package the foreign exchange reserves of the…