Saudi Arabia finalizing extension of $3b deposit to Pakistan

Jeddah: Saudi Arabia is finalizing the extension of three billion dollars deposit to Pakistan.

This was stated by Saudi Minister of Finance Mohammed al-Jadaan while talking to Reuters on the sidelines of the World Economic Forum in Davos.

Last year, Saudi Arabia deposited three billion dollars in Pakistan’s Central Bank to help support its foreign reserves.

Jadaan said Pakistan is an important ally of Saudi Arabia and the kingdom would stand behind the Pakistani nation.