The Kingdom of Saudi Arabia (KSA) said it could increase its investments in the cash-strapped Pakistan economy to $10 billion, the Saudi state news agency reported on Tuesday, as well as increase the ceiling on deposits into the Pakistan central bank to $5 billion.
Crown Prince Mohammed bin Salman has directed a study to increase Saudi Arabian investments to $10 billion, from the previous $1 billion announced in August, the news agency reported citing a statement from the Crown Prince.
He has also asked the Saudi Development Fund (SDF) to consider raising the ceiling for Saudi deposits into the Pakistan central bank as part of measures to support the struggling economy.
