All weather friend Saudi Arabia's Crown Prince Mohammed bin Salman has ordered exploring increasing the kingdom's assistance and investments in Pakistan, a step toward furthering relief to the South Asian nation's economy reeling from deadly floods, bad economy, political instability and gross mismanagement.
The kingdom's fund provides soft loans and grants to developing countries as a means to bolster allies and cement new relationships. The statement comes a day after the Crown Prince met with Pakistan's army chief General Syed Asim Munir to review ways to enhance bilateral ties and strengthen cooperation
The Saudi Investment Fund for Development will conduct a study on increasing the deposit in desperate Pakistan's central bank to $5 billion from $3 billion earlier, state-run Saudi Press Agency reported Tuesday. It will also assess the plan to increase investments in Pakistan to $10 billion, according to the same report.