The Saudi money will help Pakistan shore up its foreign reserves, which have been shrinking.
The last time forex reserves declined was in the week to September 20, 2019, when it had fallen by USD 388 million to USD 428.58 billion
During the reporting week, gold reserves increased by USD 164 million to USD 27.132 billion
Another 5-8 per cent fall in reserves will not jeopardise the situation, DBS said in a report
The stock has increased on the back of strong foreign portfolio inflows
India's total foreign reserves slipped to $346 bn by late-Feb, down about $8.6 bn from its record peak in mid-2015
The world's largest currency hoard dropped by $28.6 billion to $3.2 trillion in February, the People's Bank of China said in a statement Monday