Summary Saudi Fund for Development extends $3B deposit with State Bank of Pakistan, strengthening economic ties and supporting Pakistan’s external sector stability.
ISLAMABAD (Dunya News) – The Saudi Fund for Development (SFD) and the State Bank of Pakistan (SBP) have signed an agreement for the extension in the maturity of a $3 billion deposit placed with the central bank of Pakistan.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, witnessed the signing of the important financial agreement in Washington DC, in the presence of the Ambassador of Pakistan to the United States, on the sidelines of the World Bank-IMF Spring Meetings 2026.
The agreement was signed by Mr. Sultan bin Abdulrahman Al-Marshad, Chief Executive Officer of the Saudi Fund for Development, on behalf of SFD, and Mr. Jameel Ahmad, Governor of the State Bank of Pakistan, on behalf of SBP.
The extension of the deposit reflects the strong and longstanding economic partnership between Pakistan and the Kingdom of Saudi Arabia, and will further support Pakistan’s external sector stability.
