Saudi Finance Minister Al Jaden has announced that he will extend the $ 3 billion deposit in the Central Bank of Pakistan to help Pakistan, which is facing a major economic crisis.
Saudi Finance Minister Mohammed al-Jadan told Reuters news agency that the US $ 3 billion deposit in the Central Bank of Pakistan was in the final stages of being extended.
Last year, Saudi Arabia deposited $ 3 billion in the Central Bank of Pakistan to boost Pakistan’s foreign reserves.
Representatives of the two countries said they would begin talks on the possibility of extending the $ 3 billion deposit term on May 1.
Pakistan, which suffers from high inflation, has only two months’ foreign reserves to import goods, and the devaluation of the Pakistani rupee is another major problem facing Pakistan.
Pakistan’s foreign aid is at a critical juncture.
(NDTV)