Pakistan, Saudi Arabia sign agreement to extend $3bn deposit
- Posted on April 17, 2026
- By Dawn
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In brief
Pakistan and Saudi Arabia have solidified their financial partnership through a significant agreement to extend a $3 billion deposit arrangement. The deal, formalized between the Saudi Fund for Development and Pakistan's State Bank, demonstrates continued commitment to economic stability and bilateral cooperation. This extension reinforces Saudi Arabia's crucial role in supporting Pakistan's foreign reserves and macroeconomic resilience during challenging economic circumstances, strengthening ties between the two nations.
Pakistan, Saudi Arabia sign agreement to extend $3bn deposit
The agreement was signed between the Saudi Fund for Development (SFD) and the State Bank of Pakistan.
