Riyadh, 19 January 2023 (GNP): Crown Prince Mohammad Bin Salman, on January 17, ordered the authorities of Saudi Arabia to increase the country’s investments in Pakistan by $10 billion, giving a major boost to Pakistan’s efforts to stabilize its deteriorating economy.
He took this action after having a meeting with Pakistan’s prime minister Shahbaz Sharif and assured the PM of Pakistan that Saudi Arabia will invest more in Pakistan.
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According to a report published by a Saudi Press Agency, the crown prince also directed the Saudi Fund for Development (SFD) to consider increasing the number of deposits by $2 billion to reach $5 billion, confirming the Kingdom’s position supportive of Pakistan’s economy and its people amid the worsening currency crisis.