Pakistan, Saudi Arabia Extend $3 Billion Deposit Agreement
Pakistan and Saudi Arabia have signed an agreement to extend a $3 billion deposit, providing continued financial support to Pakistan. This deal aims to bolster Pakistan's economic stability.
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Pakistan, Saudi Arabia sign agreement to extend $3bn deposit
Pakistan and Saudi Arabia on Friday signed an agreement to extend a $3 billion deposit from the Saudi Fund for Development (SFD). Saudi Arabia, earlier this week, pledged an additional $3 billion in deposits for Pakistan and extended its existing $5bn facility for a further three years. “The agreement, signed between the Saudi Fund for Development (SFD) and the State Bank of Pakistan (SBP), provides for the extension in the maturity of a USD 3 billion deposit placed by SFD with the State Bank...
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