Saudi Arabia finalizing extension of $3 billion deposit to Pakistan: finance minister

Saudi Arabia is finalizing the extension of the kingdom’s $3 billion deposit to Pakistan, Saudi Minister of Finance Mohammed Al-Jadaan told Reuters.

“We are currently finalizing extending the $3 billion deposit to Pakistan,” he said on the sidelines of the World Economic Forum in Davos

Last year, Saudi Arabia deposited $3 billion in Pakistan’s central bank to help support its foreign reserves.