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third loan tranche

Pakistan to receive $1bn from Saudi Arabia this month: Finance Ministry

ISLAMABAD: The third loan tranche worth of US$1bn from Saudi Arabia will most likely be released during the current month, ARY News reported on Thursday. A senior official of the Ministry of Finance informed the committee during a briefing that the government had already received $2bn from Saudi Arabia while the remaining $1bn would be issued during the current month. The committee, headed by Senator Farooq H. Naek of Pakistan People‚Äôs Party (PPP), was informed by the Additional Finance Secretary Mohammad Sohail that…