Sunday September 18, 2022

Pakistan Gets Relief As Saudi Arabia Extends Its 3 Billion Dollars Deposits Term By One Year

Islamabad: Pakistan once again has gotten relief from brotherly country Saudi Arabia as the key gulf state, Saudi Fund for Development (SFD) extended its deposits in Pakistan a sum of three billion dollars by one more year.

According to State Bank of Pakistan, the term of Saudi Arabia’s three billion dollars is going to expire on December 5 of the current year.

After the decision of Saudi Fund for Development (SFD), the three billion dollars are the part of the Pakistan foreign reserves.

According to the press release of the SBP, the extension of deposit term by the SFD is a reflective of Pakistan and Saudi Arabia strong special relations.

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