Saudi Arabia confirms one-year extension of $3 billion deposit, Pakistan central bank says

Reuters

18 September, 2022, 08:10 pm

Last modified: 18 September, 2022, 08:15 pm

Saudi Arabia confirms one-year extension of $3 billion deposit, Pakistan central bank says

Reuters

18 September, 2022, 08:10 pm

Last modified: 18 September, 2022, 08:15 pm

The logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019. REUTERS/Akhtar Soomro

Pakistan's central bank on Sunday said the Saudi Fund for Development has confirmed it will extend for one-year a $3 billion deposit currently placed in the bank's accounts since 2021.

The deposit was to mature on 5 December, but that has now been extended to next year, the State Bank of Pakistan said on Twitter.

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