ISLAMABAD, (DNA) – Pakistan has received second tranche from Saudia Arabia amounting to $1 billion to help boost foreign exchange reserves.

State Bank of Pakistan has received $1 billion from Saudia Arbia, State Bank of Pakistan confirmed the news on Friday. This is the second tranche and by January, the country expected to receive third and final installment, completing the promise of the kingdom.

The foreign exchange has depleted fast in last three months and about one billion dollars has been wiped out since the arrival of first financial assistance of $1 billion.

State Bank reserves has slipped to $7.2 billion following the debt and interest repayment, following the arrival the reserves will get a boost of $1 billion.