RIYADH — Saudi Arabia announced on Thursday granting a financial support amounting to $8 billion to boost Pakistan’s economic stability. This is in line with the directives of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman.
Saudi Arabia has continued its support to enhance Pakistan’s economic stability by extending the term of an existing $5 billion deposit at the State Bank of Pakistan and announcing an additional deposit of $3 billion, the Saudi Press Agency reported. This reflects the strong ties and ongoing cooperation between Saudi Arabia and Pakistan.
This assistance aims at supporting Pakistan’s economy and strengthening its resilience amidst evolving global economic challenges, and comes in accordance with the leadership’s directives to strengthen the bonds of brotherhood between the two countries. This affirms the Kingdom’s commitment to fostering the economic growth of Pakistan, which is expected to reflect positively on the living conditions of Pakistani citizens.
Source: Saudi Gazette