Pakistan on Saturday received the first tranche of USD 500 million from Qatar under the USD 3 billion package consisting of a foreign currency deposit and direct investment to help boost the country’s dwindling foreign-exchange reserves, according to a media report on Sunday.
The first tranche deposited with the State Bank of Pakistan (SBP) will help boost Pakistan’s dwindling foreign-exchange reserves.
The gas-rich nation last week announced that it would invest USD 3 billion in the form of deposits and direct investments after Qatar’s Emir Sheikh Tamim Bin Hamad Al Thani visited Islamabad.
State Bank of Pakistan’s chief spokesman Abid Qamar told Dawn that a deposit of USD 500 million had been received from Qatar.Read More…
