ISLAMABAD, Nov. 29 (Xinhua) -- The Saudi Fund for Development (SFD) on behalf of Saudi Arabia has extended the term for the deposit of 3 billion U.S. dollars, maturing on Dec. 5, for another year, the State Bank of Pakistan (SBP) said Wednesday.
The said amount has been placed with the SBP on behalf of Pakistan, the central bank said in a statement.
The extension for the term of the deposit is a continuation of the support provided by Saudi Arabia to Pakistan, which will help to maintain the foreign currency reserves of the South Asian country and contribute to its economic growth, it added. ■
