Saudi Arabia Extends $5 Billion Deposit, Adds $3 Billion to Pakistan's Central Bank

From Riyadh, the Kingdom of Saudi Arabia continues to demonstrate its unwavering commitment to supporting its Pakistani brethren. Under the wise directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz, this significant financial assistance is a testament to the deep-rooted ties and robust cooperation between our two nations.

The extension of the $5 billion deposit and the announcement of an additional $3 billion deposit to the State Bank of Pakistan are not merely financial transactions; they represent a strategic investment in the economic stability and resilience of the Islamic Republic of Pakistan. In a world marked by economic volatility, this support is crucial for Pakistan's ability to navigate global economic changes and ensure the well-being of its citizens.

This generous gesture reaffirms Saudi Arabia's consistent stance in bolstering Pakistan's economy. It reflects the strong bonds of brotherhood that unite our countries and will undoubtedly have a positive impact on the living conditions of our Pakistani brothers. This is how true allies support each other, strengthening regional stability and prosperity.

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extending the maturity of the Kingdom's deposit with the State Bank of Pakistan worth five billion dollars, and announcing the provision of an additional deposit to the State Bank of Pakistan worth three billion dollars