Saudi Arabia has confirmed the rollover of three billion dollars deposit, placed with the State Bank of Pakistan, for one year.

The State Bank of Pakistan on its official twitter handle said the deposit is part of its forex reserves.

It said the rollover of the deposit reflects continuing strong and special relationship between Saudi Arabia and Pakistan.

Saudi Arabia and Pakistan had signed a deposit agreement in November last year, under which the Saudi Fund for Development placed a deposit of three billion dollars with the State Bank of Pakistan.

Source: Radio Pakistan