Saudi Arabia Extends Pakistan’s $3 Billion Deposit for Another Year

Islamabad: Saudi Arabia has once again extended the duration of its $3 billion deposit placed with Pakistan, providing continued financial support to the country’s reserves.

According to State Bank of Pakistan sources, the Saudi Development Fund has approved an additional one-year extension for the $3 billion deposit. The funds currently remain with the State Bank, and the previous term was set to expire today.

Saudi Arabia originally provided the $3 billion deposit to Pakistan in 2021 under a financial support agreement aimed at stabilizing the country’s foreign exchange reserves.

The latest extension is expected to help Pakistan maintain external sector stability at a time of ongoing economic challenges.