Reflecting the strong ties and ongoing cooperation between the Kingdom of Saudi Arabia and the Islamic Republic of Pakistan, and in line with the directives of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, 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.
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, affirming 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: Riyadh Daily