Saudi Arabia on Thursday announced a $3 billion additional deposit to the State Bank of Pakistan (SBP) and extended an existing $5b deposit, in a move aimed at supporting the country’s economy.
According to the state news agency SPA, the financial support is intended to enhance Pakistan’s economic stability and strengthen its resilience in the face of global economic changes.
The extension of the $5b deposit and the new $3b injection come as part of ongoing cooperation between the two countries and reflected Saudi Arabia’s continued backing of Pakistan, the agency said.