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Saudi Fund for Development has extended the term of 3 billion dollars deposit for Pakistan by one year


Extending the maturity of deposits by one year is a reflection of Pak-Saudi’s strong special relationship: State Bank – Photo: File

Saudi Fund for Development (SFD) has extended the term of its 3 billion dollars deposit for Pakistan by one year.

According to the State Bank of Pakistan, Saudi deposits are part of the country’s foreign exchange reserves and SFD’s 3 billion dollars of deposits expire on December 5, 22.

The State Bank said that extending the term of deposits by one year is a reflection of the strong special relationship between Pakistan and Saudi Arabia.




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