Saudi Arabia extends $3 billion deposit to Pakistan until 2025, bolstering its economy.

Saudi Arabia has extended a $3 billion deposit to Pakistan until December 2025, aiding Pakistan's foreign reserves and economic growth. This extension follows previous rollovers in 2022 and 2023 and was agreed upon after a meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammad Bin Salman. The deposit supports Pakistan's financial stability, alongside a $7 billion loan from the IMF.

4 months ago
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