Pakistan and Saudi Arabia have signed an agreement to extend a $3 billion deposit, providing important financial support to Pakistan’s economy.
The agreement was signed between the Saudi Fund for Development and the State Bank of Pakistan during the World Bank–IMF Spring Meetings 2026 in Washington, D.C.
The signing ceremony was witnessed by Finance Minister Muhammad Aurangzeb. The agreement extends the maturity period of the $3 billion deposit placed by Saudi Arabia with Pakistan’s central bank, giving the country more time to manage its financial obligations.
The agreement was signed by Sultan bin Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development, and Jameel Ahmad, Governor of the State Bank of Pakistan.
Officials said the extension reflects the strong economic relationship between the two countries.
This development comes at a time when Pakistan is facing external financial pressure. The country is required to repay $3.5 billion to the United Arab Emirates, which has increased pressure on foreign exchange reserves. As of late March, reserves stood at around $16.4 billion.
In addition to the extension, Saudi Arabia has recently transferred $2 billion to Pakistan and has committed another $3 billion in deposits. It has also extended an existing $5 billion facility for three years.
Under its $7 billion IMF programme, Pakistan aims to increase its foreign reserves to above $18 billion by June.
Officials believe that continued support from Saudi Arabia will help strengthen economic stability and ease financial challenges.