The Saudi Fund for Development (SFD), representing the Kingdom of Saudi Arabia, has extended the term of a $3 billion deposit with the State Bank of Pakistan (SBP) for an additional year, the SBP announced on Thursday. The deposit, which was originally due to mature on December 8, 2025, reflects continued financial support from Saudi Arabia to Pakistan.
According to the SBP, the extension will help strengthen Pakistan’s foreign exchange reserves and support the country’s economic growth and development. The $3 billion deposit was first placed with the SBP in 2021 and has been rolled over annually since then, with the previous extension made on December 5, 2024.
The move provides relief to the central bank, as Pakistan’s foreign exchange reserves stood at $14.56 billion as of November 21, 2025, helping to stabilize the national economy amid ongoing fiscal and external pressures. Analysts note that such support from Saudi Arabia reinforces bilateral economic relations and bolsters confidence in Pakistan’s financial stability.
The SBP highlighted that maintaining foreign reserves is critical for ensuring macroeconomic stability, supporting imports, and sustaining investor confidence. The extension of the deposit is expected to contribute positively to liquidity in the banking system and assist Pakistan in managing external debt obligations.
This financial development underscores the Kingdom of Saudi Arabia’s long-standing support for Pakistan and reflects ongoing cooperation between the two countries in strengthening economic resilience and promoting sustainable growth.
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