KSA Extends Duration For Deposit Of $3 Billion: Saudi Arabia Extends Duration For Deposit For One Year

Saudi Arabia extended the period of its deposits worth $3 billion for another year, a move that would help the country maintain its foreign exchange reserves and strengthen its domestic economy.

The extension of the term of the deposit is a continuation of the support provided by the Government of the Kingdom Of Saudi Arabia to the Islamic Republic Of Pakistan.

If the duration for deposit had not been extended, Pakistan had to pay three billion dollars in next month.

This extension of the deposit will help strengthen Pakistan’s economy.