Published On: Wed, Jan 11th, 2023
Published in Category: International

Saudi Crown Prince Mohammed bin Salman directs to increases amount of investment & deposit for Pakistan to $15 billion

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RIYADH: Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has directed to study augmenting the Kingdom of Saudi Arabia’s investments in the sisterly Islamic Republic of Pakistan which have previously been announced on August 25, 2022 to reach $10 billion.

According to the Saudi official news agency, ”Saudi Press Agency” The Crown Prince also directed the Saudi Development Fund (SDF) to study increasing the amount of the deposit provided by the Kingdom of Saudi Arabia in favor of the Central Bank of Pakistan (CBP) which have previously been extended on December 2, 2022 to hit a $5billion ceiling, confirming the Kingdom’s position supportive to the economy of the Islamic Republic of Pakistan and its sisterly people.

This came within the framework of the existing communication between The Crown Prince and Muhammad Shehbaz Sharif, Prime Minister of Pakistan.

Meanwhile Foreign Minister Bilawal Bhutto Zardari in a statement issued on twitter on Tuesday said that Saudi Arabia is Studying to Augment its Investments in Pakistan to Reach $10 b and Increasing its Deposit to CBP to $5b, it was Announced The official Saudi Press Agency.