KSA extends $3bn deposit with Pakistan for another year
MG News | December 04, 2025 at 05:55 PM GMT+05:00
December 04, 2025 (MLN): 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 deposit, originally set to mature on December 8, 2025,
was placed on behalf of the Islamic Republic of Pakistan, said a press release
issued.
This extension emphasizes Saudi Arabia’s continued support
for Pakistan’s economy, helping to strengthen the country’s foreign exchange
reserves and contributing to its overall economic growth and development.
The $3bn deposit was initially placed with the SBP in 2021
and has been subsequently rolled over since then.
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