Good news for pakistan from Saudi Arabia on economic front

Good news for pakistan from Saudi Arabia on economic front

ISLAMABAD: Saudi Arabia has extended the repayment period of $3billion held by the State Bank, a joint statement was issued on thevisit of Prime Minister Shahbaz Sharif to Saudi Arabia.

According to the statement, under the Pak-Saudi Supreme CoordinationCouncil, it was agreed to promote bilateral relations on variousissues.

Saudi Arabia has reiterated its commitment to continue economiccooperation with Pakistan. Pakistan appreciated the full cooperationof Saudi Arabia, the two countries also agreed to cooperate in theprivate sector.