Saudi Arabia Extends $3 Billion Deposit to Support Pakistan’s Economy

Saudi Arabia has extended its $3 billion deposit with Pakistan for another year, according to the State Bank of Pakistan (SBP). This deposit, initially placed in 2021, has been renewed annually, with the most recent renewal occurring in 2024. The extension comes at a crucial time, providing significant support to Pakistan’s foreign exchange reserves, which currently stand at $14.56 billion as of November 21, 2025.

The additional year of funding bolsters Pakistan’s economic stability and enhances its capacity to manage import payments, stabilize the currency, and support ongoing development projects. Analysts note that such deposits from Saudi Arabia reflect the deepening economic and financial cooperation between the two countries, reinforcing bilateral ties and investor confidence in Pakistan’s fiscal management. The extension also signals continued trust in Pakistan’s economic policies and underscores the importance of international partnerships in maintaining macroeconomic stability.