Saudi Arabia’s minister of finance, Muhammad al-Jaadan, has confirmed at the World Economic Forum in Davos that the kingdom has its sights set on finalising the extension of a $3 billion deposit it previously gave to the State Bank of Pakistan in 2021.
This had earlier come in light of Pakistan witnessing unprecedented hyperinflation of its national currency, the Pakistani rupee.
Al-Jaadan also attested to the fact that the kingdom considered Pakistan to be an “important ally,” supplementing this by adding that his country would be “standing behind” the Republic.
