Saudi Arabia extends term of $3 billion deposit with Pakistan for another year
FILE PHOTO: A logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019. REUTERS/Akhtar Soomro/File Photo
KARACHI : Saudi Arabia has extended the term of a $3 billion deposit placed with Pakistan to support its economy for another year, Pakistan's central bank said on Thursday.
The term of the deposit, which was maturing on Thursday, was initially signed with State Bank of Pakistan in 2021, and was subsequently rolled over in 2022 and 2023, the bank said.
Source: Reuters
