The Latest Breaking News from State Bank of Pakistan

Riyadh Mulling Raising Investments in Pakistan to $10 Billion

Prince Mohammed bin Salman, Crown Prince and Prime Minister, ordered that that Saudi Arabia’s investments in Pakistan be reviewed so that they could be increased to 10 billion dollars. The Kingdom had declared investments in the country back on August 25. He ordered that the Saudi Fund for Development study…

Asharq Al-Awsat · Jan 11, 2023

Saudi Arabia Extends $3 Bln Deposit Term to Pakistan

Saudi Arabia on Friday extended the term of a $3 billion deposit it made to Pakistan’s foreign reserves, as directed by Saudi King Salman bin Abdulaziz and the Crown Prince. Saudi Arabia deposited the money in Pakistan's central bank late last year as a loan to shore up the cash-strapped…

Asharq Al-Awsat · Dec 3, 2022