Tag Archives: Saudi Arabia to discuss ‘augmenting’ kingdom’s $3bn deposit: joint statement

Pakistan and Saudi Arabia will discuss the possibility of “augmenting” the kingdom’s $3 billion deposit in Pakistan’s central bank by extending its term “or through other options,” a joint statement said on Sunday. Last year, Saudi Arabia deposited $3 billion in the State Bank of Pakistan to help support its foreign reserves. With a yawning current account deficit and foreign reserves falling …

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