Saudi Arabia extends $8 billion support to Pakistan, boosting economic stability

Saudi Arabia has reaffirmed its support for Pakistan’s economy by extending an existing $5 billion deposit at the State Bank of Pakistan and announced an additional $3 billion deposit, the official Saudi Press Agency (SPA) reported on Thursday.

The move reflects strong ties and ongoing cooperation between the Kingdom and Pakistan and comes in line with directives from Saudi ruler King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman bin Abdulaziz.

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The assistance is aimed at supporting Pakistan’s economic stability and strengthening its resilience amid evolving global economic challenges.

The Kingdom said the support also aligns with its leadership’s commitment to strengthening the bonds of brotherhood between the two countries and fostering Pakistan’s economic growth, which is expected to positively impact the living conditions of its citizens, according to SPA.

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