Lahore – In a significant move to stabilize Pakistan’s economy, the Saudi Fund for Development (SFD) and the State Bank of Pakistan (SBP) officially signed an agreement on Friday to extend the maturity of a $3 billion deposit.
The signing ceremony took place in Washington, D.C., on the sidelines of the World Bank-IMF Spring Meetings 2026. Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, witnessed the signing alongside Pakistan’s Ambassador to the United States.
The agreement was signed by SBP Governor Jameel Ahmad and SFD Chief Executive Officer Sultan bin Abdulrahman Al-Marshad. According to the Ministry of Finance, this extension is a testament to the “longstanding economic partnership” between the two nations and will provide much-needed breathing room for Pakistan’s external sector.
This development follows Riyadh’s recent pledge to provide an additional $3 billion in new deposits and a three-year extension for an existing $5 billion facility, signaling strong continued support from the Kingdom.
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