Saudi Arabia extends $8B support to Pakistan amid UAE debt repayment

Saudi Arabia on Thursday announced a $3 billion additional deposit to Pakistan’s central bank and extended an existing $5 billion deposit, in a move aimed at supporting the country’s economy, Anadolu reports. According to the state news agency SPA, the financial support is intended to enhance Pakistan’s economic stability and strengthen its resilience in the face of global economic changes. The extension of the $5 billion deposit and the new $3 billion injection come as part of ongoing cooperation between the two countries and reflect Saudi Arabia’s continued backing of Pakistan, the agency said. Early Thursday, the State Bank of Pakistan said in a post on the US social media company X that it received $2 billion from Saudi Arabia’s Finance […]