Saudi Arabia rolls over $5bn deposits with Pakistan for three years

Saudi Arabia has rolled over $5 billion in deposits for three years, top officials confirmed on Wednesday. Finance Minister Muhammad Aurangzeb confirmed the development, while, State Bank of Pakistan (SBP) Governor Jameel Ahmed also disclosed the same while speaking to reporters outside Parliament House. The rollover will help Pakistan reduce pressure on its external account as it manages foreign debt repayments in the current fiscal year.