Saudi Arabia has agreed to provide Pakistan with additional financial assistance worth USD 3 billion, while also extending its earlier USD 5 billion deposit facility for three more years.

According to Finance Minister Muhammad Aurangzeb, the existing deposit arrangement will no longer follow yearly renewal and will instead be extended for a longer duration. He said, “Saudi Arabia has pledged an additional USD 3 billion in deposits for Pakistan and has extended its existing USD 5 billion facility for a further three years,” reported PTI.