Saudi Arabia To Deposit USD 3 billion in Pakistan Central Bank

The funds will provide a much-needed financial boost to Pakistan, where the economy has come under strain during regional tensions linked to the conflict between the United States and Iran. 

Aurangzeb is in Washington to attend meetings of the World



Bank and the International Monetary Fund. Aurangzeb said an existing USD 5 billion Saudi deposit will no longer be subject to an annual rollover arrangement and will instead be extended for a longer period, a government statement said. 

Pakistani authorities said earlier this month that the country would return USD 2 billion deposited by the United Arab Emirates in Pakistan's central bank in 2019.