Saudi Arabia’s Crown Prince Mohammed bin Salman has directed officials to look into the possibility of increasing his country’s investment in Pakistan to $10 billion and increasing its deposits with Pakistan’s central bank to $5 billion. This information was given in a report published in the media of Pakistan on Tuesday.
According to this report published by the Saudi Samvad Samiti, quoting the Saudi Press Agency, Crown Prince Salman has instructed to look into aspects related to increasing Saudi Arabia’s investment in Pakistan to $10 billion. On August 25 last year, Saudi Arabia announced to increase its investment in Pakistan, which is facing financial crisis, to $ 10 billion.
Saudi Arabia’s crown prince has also asked the Saudi Development Fund (SDF) to study whether to increase the amount of deposits with Pakistan’s central bank to $5 billion. On December 2, Saudi Arabia had announced to increase its deposits from $3 billion to $5 billion. The directive came amid a communication framework in place between the Crown Prince of Saudi Arabia and Prime Minister of Pakistan Shehbaz Sharif. Pakistan’s Army Chief General Asim Munir has completed his visit to Saudi Arabia a few days ago.
