Pakistan Receives $3 Billion Loan From Saudi Arabia

The loan from Saudi Arabia will be for one year at a 4% interest rate under the terms of the package, which was signed last month.

Pakistan on Saturday received a $3 billion loan from Saudi Arabia, the prime minister's finance adviser said, as part of an economic support package.

Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.

Pakistan's total liquid foreign reserves stand at $22,498 billion, based on central bank data.

Shaukat Tarin, finance adviser to Pakistan's prime minister Imran Khan, said in a tweet: "I want to thank His Excellency Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia for the kind gesture."