The Saudi Fund for Development, on behalf of Saudi Arabia, has extended its $3 billion deposit with the State Bank of Pakistan (SBP) for another year. Originally placed in 2021, the deposit was due to mature on December 8, 2025, and has been rolled over since.
The extension reflects Saudi Arabia’s continued support for Pakistan’s economy, providing a critical buffer for foreign exchange reserves and contributing to balance of payments stability.
The move comes as Pakistan faces ongoing external financing pressures, emphasizing the importance of maintaining adequate reserve levels to safeguard economic stability.
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