$10bn Saudi investment hope brings ‘fresh air’ to Pakistan’s troubled economy

Islamabad: The prospect of expanding Saudi investment will be a welcome relief for Pakistan, experts and business leaders told Arab News, as Riyadh plans to consider a major funding infusion into the South Asian country’s beleaguered economy. .
As Pakistan’s foreign exchange reserves come under pressure due to upcoming debt repayments, Crown Prince Mohammed bin Salman earlier this week directed officials and the Saudi Fund for Development to look into whether the kingdom’s investment of $10 billion Can be raised up to and deposited in the Central Bank of Pakistan. up to $5 billion.