As Stated in a separate statement which was released on Sunday, Riyadh and Islamabad would be discussing possible ways for extending the $3 Billion Deposit of the Kingdom, with the State bank of Pakistan, through prolonging the time period or looking for other possible ways.
After the visit if Prime Minister Shahbaz Sharif to Saudi Arabia, where he performed his Umrah and also had a meeting with Prince Mohammad bin Salman, the official announcement was being made.
In the Previous year, a $3 billion deposit was being submitted by Saudia Arabia, with the State bank of Pakistan (SBP) to raise up it’s foreign currency reserves. The Government of Pakistan, praised the choice of Kingdom to extend the agreement of Partnership for Crude oil products and Derivatives export.
Both of the Islamic countries also agreed to raise the partnership in the places of investment, Industry and Mining.
The Two teams, had a discussion for trying to reignite collaborations and also allowing the opportunities for investment integration, between the private sectors, including the importance of the expanded corporation within the Saudi-Pakistan Coordination Council to broaden the trade.
Exploring opportunities for the expansion of cooperation in the department of Radio, TV, and news agency, including the Sharing of experiences to enhance joint media campaigns were all being discussed, as per the sources and cooperation of Media.
