Saudi Arabia Increases to 8 billion Dollars its Deposit to Pakistan

Sudanhorizon – Agencies

The Kingdom of Saudi Arabia has increased its deposit in the State Bank of Pakistan, from $5 billion to $8 billion, an increase of $3 billion.

The “Breaking News” account on the X platform on Friday posted a report saying this this step comes in accordance with the generous directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister and as an extension of the deep-rooted ties and close cooperation between the Kingdom of Saudi Arabia and the Islamic Republic of Pakistan.

The tweet added that the Kingdom continued “to provide generous support to enhance economic stability in the brotherly Republic of Pakistan by extending the maturity of the Kingdom’s $5 billion deposit with the State Bank of Pakistan and announcing an additional $3 billion deposit to the State Bank of Pakistan, with the aim of supporting the economy of the brotherly Islamic Republic of Pakistan and enhancing its resilience in face of global economic changes.”

The account confirmed that this support comes in accordance with the directives to strengthen the bonds of brotherhood between the two brotherly countries, and to reaffirm the Kingdom’s continued support for the economy of Pakistan, which will positively impact the living conditions of our brothers in Pakistan.

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