Saudi Arabia extends the duration of a $3 billion deposit with the State Bank of Pakistan

Saudi Arabia extends the duration of a $3 billion deposit with the State Bank of Pakistan. It was reported that to aid Pakistan’s economy, Saudi Arabia has extended the three billion dollar deposit’s term with the State Bank of Pakistan through the Saudi Fund for Development. The deposit’s objective is to increase the bank’s foreign exchange holdings while also assisting Pakistan in coping with COVID-19’s economic effects.