Saudi Arabia, a longtime ally of Pakistan, has begun to consider extending the expiration date of the US$3 billion it deposited in a Pakistani bank in an effort to stabilize the country’s economy.
Saudi Arabia’s Finance Minister Mohammed bin Abdullah Al-Jadaan stated that an extension of three billion dollars in deposits is currently being finalized.
The Saudi Arabian Minister of Finance told Reuters during a World Economic Forum meeting in Davos that Pakistan is an important ally and that his country will support it.
