Saudi news

Study of increasing investment in Pakistan to reach 10 billion dollars

Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, directed to study increasing the Kingdom’s investments in the sisterly Islamic Republic of Pakistan, which was previously announced on Muharram 27, 1444 AH, corresponding to August 25, 2022 AD, to reach $10 billion.

Likewise, the Saudi Fund for Development should study increasing the amount of the deposit provided by the Kingdom of Saudi Arabia in favor of the Central Bank of Pakistan, which was previously announced to be extended on Jumada Al-Awwal 8, 1444 AH, corresponding to December 2, 2022 AD, to reach $5 billion, as an affirmation of the Kingdom’s position in support of the economy of the Islamic Republic of Pakistan. and its brotherly people.

This came within the framework of the existing communication between the Crown Prince and the Pakistani Prime Minister, Muhammad Shahbaz Sharif, according to the Saudi Press Agency, “SPA”.

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