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Reading: Saudi Arabia extends the $3 billion deposit with the SBP
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PhotoNews Pakistan > Business > Saudi Arabia extends the $3 billion deposit with the SBP
Business

Saudi Arabia extends the $3 billion deposit with the SBP

Web Desk
By Web Desk Published December 2, 2022 1 Min Read
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The State Bank of Pakistan (SBP) stated that Saudi Arabia had extended the maturity date for the $3 billion deposited with the central bank.

“Implementing the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud — may Allah protect him; the Saudi Fund for Development (SFD) extended the term for the deposit provided by the Kingdom of Saudi Arabia in the amount of 3 billion dollars to the State Bank of Pakistan,” said the central bank in a statement.

2/2 Extension of term of the deposit is a continuation of support provided by the government of Kingdom of Saudi Arabia to Islamic Republic of Pakistan. Agreement was signed through SFD with SBP in Nov21. See PR: https://t.co/cjldEhyfX9

— SBP (@StateBank_Pak) December 2, 2022
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