Saudi Arabia to renew $3bn deposit for Pakistan this week: Bloomberg

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Sun, 2022-08-14 14:15

RIYADH: Saudi Arabia is planning to renew its $3 billion deposit to help Pakistan manage its ongoing current-account crisis and fight rising inflation, Bloomberg reported, quoting people familiar with the matter.

The Kingdom also aims to provide $100 million per month for 10 months in petroleum products as an additional support. 

Sources who asked to remain anonymous said that Pakistan’s funding gap has been covered after the Kingdom’s commitment,

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