Saudi Arabia extended the term of the 3 billion dollars deposit by one year

Saudi Arabia extended the term of the 3 billion dollars deposit by one year

 Saudi Arabia extended the term of the 3 billion dollars deposit by one year.

Web Desk

The Saudi Fund for Development (SFD) has extended the term of its $3 billion deposit by one year.

According to the State Bank of Pakistan (SBP), SFD's 3 billion dollars deposit is expiring on December 5, 2022.

According to the SBP announcement, SFD has extended the term of the 3 billion dollars deposit by one year.

According to the statement, after the decision of the Saudi Fund for Development, 3 billion dollar deposits are part of Pakistani foreign exchange.

According to the SBP statement, SFD's extension of deposit tenure by one year is a reflection of the strong special relationship between Pakistan and Saudi Arabia.