The Saudi Fund for Development (SFD) on behalf of the Kingdom of Saudi Arabia has extended the term for the deposit of $3 billion maturing on December 8, 2025 for another year, according to statement from the State Bank of Pakistan (SBP) on Thursday.
“The extension of the term of the deposit is continuation of the support provided by the Kingdom of Saudi Arabia to the Islamic Republic of Pakistan, which will help in strengthening the foreign exchange reserves of Pakistan and contribute to the country’s economic growth and development,” the SBP statement read.
It is worth noting that the $3 billion deposit was initially placed with the SBP in the year 2021 and subsequently rolled over since then.
The deposit was previously extended last year on December 5, 2024.
The development is a relief for the central bank’s foreign exchange reserves that are currently standing at $14.56 billion as of November 21, 2025.
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