Rollover of a $3 billion deposit for a year is confirmed by the Saudi Development Fund: SBP

The Rollover of a $3 billion deposit for a year is confirmed by the Saudi Development Fund: SBP. It was reported that according to a tweet from the SBP, the deposit was made with the central bank as part of its foreign exchange reserves and was due to expire on December 5. The SBP stated that “this underscores the ongoing, strong, and unique relationship between Pakistan and the Kingdom of Saudi Arabia.”