The Saudi Fund for Development (SFD), on behalf of the Kingdom of Saudi Arabia, has extended the term of the USD 3.0 billion deposit maturing on 08 December 2025 by another year. The said amount has been placed with the State Bank of Pakistan (SBP) on behalf of the Islamic Republic of Pakistan.

The extension of the deposit term is a continuation of the Kingdom of Saudi Arabia’s support to the Islamic Republic of Pakistan, which will help strengthen Pakistan’s foreign exchange reserves and contribute to the country’s economic growth and development. It is worth noting that the USD 3.00 billion deposit was initially placed with SBP in 2021 and has been rolled over since then.