Crown Prince Mohammed bin Salman announced that Saudi Arabia will be increasing the ceiling on deposits into the State Bank of Pakistan (SBP) from $3 billion to $5 billion.
He also announced a study to direct investments for Pakistan from $1 billion to $10 billion.
This is coming at a time when Pakistan's economy is in dire need of a helping hand. As the dates of debt repayments come closer for Pakistan, they will be relying on this investment alot.
Saudi Arabia has helped Pakistan before as well, and has always given them a gracious pardon period to repay the debt.
As of now pakistan is hoping for a oil refinery policy to help attract investors in future.
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