The State Bank of Pakistan (SBP) announced that the Saudi Fund for Development, on behalf of the Kingdom of Saudi Arabia, has extended the term of a USD 3.0 billion deposit placed with SBP for the Islamic Republic of Pakistan. The deposit was due to mature on 8 December 2025 and has been rolled over for a further year. SBP noted that the deposit was initially placed in 2021 and has been rolled over since then. It described the extension as continued support that will help strengthen Pakistan’s foreign exchange reserves and contribute to economic growth and development.
State Bank of Pakistan 2025-12-04
State Bank of Pakistan confirms Saudi Fund for Development rolls over USD 3 billion deposit for another year
The State Bank of Pakistan announced the extension of a USD 3.0 billion deposit from the Saudi Fund for Development for another year, originally set to mature on 8 December 2025. This rollover, initially placed in 2021, aims to bolster Pakistan's foreign exchange reserves and support economic growth.