Saudi Arabia rolls over $3bn deposit support for Pakistan

Saudi Arabia has extended the term of its $3 billion deposit placed with Pakistan for another year to support the country’s economy, the State Bank of Pakistan (SBP) announced on Thursday. In a statement, the central bank said: “The Saudi Fund for Development (SFD) on behalf of the Kingdom of Saudi Arabia has extended the term for the deposit of $3 billion maturing on December 8, 2025, for another year.”