Saudi Arabia Rolls Over $3 Billion Deposit in Pakistan, Extending Financial Support

Islamabad: Saudi Arabia has rolled over a $3 billion deposit placed in Pakistan, following a formal agreement between the State Bank of Pakistan and the Saudi Fund for Development.

The agreement was signed during a ceremony held in Washington, where Saudi Fund CEO Sultan bin Abdulrahman and State Bank Governor Jameel Ahmad formalized the extension of the deposit.

According to Pakistan’s Ministry of Finance, Federal Finance Minister Muhammad Aurangzeb attended the signing ceremony, which was also witnessed by Pakistan’s ambassador to the United States.

The event took place on the sidelines of the World Bank and International Monetary Fund (IMF) Spring Meetings 2026.

Officials said the agreement extends the maturity period of the $3 billion deposit held with the State Bank of Pakistan, providing continued financial support and stability to Pakistan’s external reserves position.