Saudi Arabia considering to hike investments in Pakistan to $10bn

Saudi Arabia considering to hike investments in Pakistan to $10bn
Saudi Arabia considering to hike investments in Pakistan to $10bn

Crown Prince and Prime Minister Mohammed bin Salman has directed officials to study the possibility of increasing Saudi Arabia's investments in Pakistan to $10 billion.

The Crown Prince also directed the Saudi Development Fund (SDF) to study increasing the deposits by Saudi Arabia in favor of the Central Bank of Pakistan (CBP), which have previously been extended on December 2, 2022, to hit a $5 billion ceiling, confirming the Kingdom's position supportive to the economy of Pakistan and its people. The move came within the framework of the existing communication between the Crown Prince and Muhammad Shehbaz Sharif, Prime Minister of Pakistan.

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