Islamabad, Pakistan – Web Desk: Saudi Arabia has rolled over a $3 billion deposit placed with the State Bank of Pakistan, following a formal agreement between the Saudi Fund for Development and Pakistan’s central bank.
According to Pakistan’s Ministry of Finance, the agreement was signed in Washington, D.C., on the sidelines of the IMF and World Bank Spring Meetings 2026.
The deal was finalized between Saudi Fund for Development CEO Sultan bin Abdulrahman Al-Marshad and State Bank of Pakistan Governor Jameel Ahmad, with Finance Minister Muhammad Aurangzeb also attending the ceremony.
Officials said the arrangement extends the maturity of the $3 billion deposit held by the State Bank of Pakistan, strengthening the country’s external financing position and supporting foreign exchange stability.
Finance Minister Aurangzeb said the agreement reflects strong Pakistan–Saudi economic relations and will help reinforce external financial stability.
Separately, Pakistan recently received an additional $2 billion deposit from Saudi Arabia, which the State Bank confirmed, helping ease pressure on foreign exchange reserves.
Pakistan continues to face significant external repayment obligations, including a $3.5 billion payment to the United Arab Emirates and a $1.2 billion Eurobond maturity, underscoring ongoing balance-of-payments challenges.
