Islamabad / Riyadh (Web Desk): Pakistan and Saudi Arabia have achieved a new milestone in their long-standing strategic and economic relations, as Saudi Arabia has deposited $2 billion in the State Bank of Pakistan. The move is expected to have a positive impact on Pakistan’s economy.
According to officials, the deposit will significantly improve Pakistan’s foreign exchange reserves, helping ease pressure on external payments. Economic experts believe the inflow will support currency stability and strengthen Pakistan’s position with international financial institutions.
The financial assistance comes at a time when Pakistan is facing increased pressure due to import bills and external debt repayments, making additional liquidity essential for economic stability.
In recent months, economic cooperation between the two countries has strengthened further. Along with financial deposits, Saudi Arabia has also expressed interest in investing billions of dollars in Pakistan’s key sectors, including minerals, energy, and agriculture, reflecting deepening bilateral economic ties.