Pakistan and Saudi Arabia have consented for increment of Saudi deposits in the State Bank of Pakistan (SBP) by $2 billion, increasing the total from $3 billion to $5 billion.
The CEO of Saudi Arabia Holding Co, Mohammad AlQahtani, uncovered this initiative in a post.
The arrangement was reached during conversations between Pakistani Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammed Bin Salman on Monday at Al-Safa Royal Palace in Makkah.
These drives are important for a more extensive agreement, under which Saudi Arabia expects to put $21 billion in Pakistan, including a $14 billion oil refinery project and $7 billion for copper mining.
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