The Kingdom of Saudi Arabia today extended the term for a substantial USD 3.0 billion deposit placed with Pakistan’s central bank, providing critical support to the nation”s economy and its foreign exchange reserves.

The Saudi Fund for Development (SFD), acting on behalf of the kingdom, confirmed the one-year extension for the deposit, which was set to mature on December 8, 2025. This amount is held by the State Bank of Pakistan (SBP) on behalf of the Islamic Republic of Pakistan.

This extension represents a continuation of financial assistance from Saudi Arabia to Pakistan. The original USD 3.00 billion deposit agreement was established in 2021 and has been subsequently rolled over since that time.

The rollover is anticipated to help fortify Pakistan’s foreign currency holdings and contribute positively to the country’s overall economic growth and development prospects.