Save Our Pak
Saudi Arabia has made a major financial announcement for Pakistan by extending and increasing its deposit support.
In Islamabad, Finance Minister Muhammad Aurangzeb shared this positive update during a media briefing at the Pakistani Embassy in Washington. He said that Saudi Arabia has agreed to provide an additional $3 billion deposit to support Pakistan’s foreign exchange reserves.
He explained that this new amount is expected to reach Pakistan by next week and will help strengthen the country’s financial position. According to him, these funds will play an important role in stabilizing the economy.
The Finance Minister also revealed that Saudi Arabia has extended the duration of its existing $5 billion deposit. Instead of short-term yearly renewals, this amount will now stay with Pakistan for a longer period, providing more financial stability.
He described his meeting with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan as very productive and thanked Saudi Arabia for its continued support during challenging times.
Muhammad Aurangzeb further said that Pakistan aims to increase its foreign exchange reserves to $18 billion by the end of the current fiscal year. He added that all international payments, including bonds, will be made on time.
He also invited global investors to explore investment opportunities in Pakistan, saying that the country’s image is improving at the international level.
The Finance Minister credited Prime Minister Shehbaz Sharif and Field Marshal Syed Asim Munir for their strong efforts. He also appreciated Deputy Prime Minister Ishaq Dar and State Bank Governor Jameel Ahmad for their support in achieving this milestone.
Reported by Save Our pak
