Pakistan and Saudi Arabia have agreed to bolster their financial ties, with Saudi Arabia increasing its deposits in the State Bank of Pakistan (SBP) by $2 billion, raising the total to $5 billion. This decision was disclosed by Mohammad AlQahtani, CEO of Saudi Arabia Holding Co, following discussions between Pakistani Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammed Bin Salman. The meeting, held at Al-Safa Palace in Makkah, centered on enhancing bilateral relations and exploring avenues for deeper cooperation across various sectors. Both parties reaffirmed their commitment to expedite the implementation of a $5 billion investment package. The discussions also highlighted Saudi Arabia’s support for Pakistan’s economy and mutual efforts to strengthen trade and investment ties. Additionally, Saudi Arabia has pledged investments in the construction of a new oil refinery and copper mines in Pakistan, as part of a larger $21 billion investment agreement between the two countries. AlQahtani stressed that these new investments reflect the strong and enduring partnership between Pakistan and Saudi Arabia.