Pakistan has signed an agreement to extend the $3 billion Saudi deposit, offering much-needed support to its fragile external finances.

The signing ceremony took place during the Spring Meetings 2026 of the World Bank and IMF, in the presence of Finance Minister officials. The agreement was signed between the Saudi Fund for Development and the State Bank of Pakistan.

On behalf of Saudi Arabia, CEO Sultan bin Abdulrahman Al-Murshid signed the agreement, while Governor Jameel Ahmad represented Pakistan’s central bank.

Under the agreement, the tenure of the $3 billion deposit placed with the State Bank of Pakistan has been extended. This deposit plays a key role in maintaining Pakistan’s foreign exchange reserves and avoiding pressure on the currency.

According to the Ministry of Finance, the development reflects the strong and long-standing economic partnership between Pakistan and Saudi Arabia. The extension is expected to provide relief to Pakistan’s external financing needs at a critical time.

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Economic experts believe the move will help boost investor confidence and ensure short-term financial stability, especially as Pakistan navigates ongoing economic challenges and global financial pressures.

The agreement comes as Pakistan continues efforts to stabilize its economy with the support of international partners, including the IMF.