Pakistan and Saudi Arabia have signed an agreement to extend a $3 billion deposit, marking another step in strengthening financial cooperation between the two countries. The Saudi Arabia Pakistan deposit extension comes at a crucial time for Pakistan’s external economic stability.
The agreement was signed between the Saudi Fund for Development (SFD) and the State Bank of Pakistan (SBP), confirming the extension of a $3 billion deposit placed with Pakistan’s central bank. Officials say the move will help stabilize foreign exchange reserves.
During the Saudi Arabia Pakistan deposit extension ceremony in Washington, Finance Minister Muhammad Aurangzeb and senior officials witnessed the signing. The agreement reflects continued trust and long-term partnership between the two nations.
Finance Minister Witnesses Signing of Saudi Deposit Extension Agreement with State Bank of Pakistan
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, witnessed the signing of an important financial agreement in Washington, D.C., in the presence of the… pic.twitter.com/2BCoaWPhNL
— Ministry of Finance, Government of Pakistan (@Financegovpk) April 17, 2026
Saudi Arabia has also reportedly extended an existing $5 billion facility for Pakistan and announced additional financial support. These steps are aimed at strengthening Pakistan’s resilience amid global economic challenges.
The Saudi Arabia Pakistan deposit extension is expected to ease pressure on Pakistan’s foreign exchange reserves, which remain sensitive due to external debt repayments and rising import costs.
Pakistan’s external account has been under strain due to global oil price fluctuations and repayment obligations, including a recent $3.5 billion loan repayment to the UAE. The extension from Saudi Arabia provides temporary relief.
Overall, the Saudi Arabia Pakistan deposit extension highlights strong bilateral economic ties and ongoing support for Pakistan’s financial stability during a challenging global economic environment.
