ISLAMABAD: Saudi Arabia has rolled over $3 billion in deposits held in Pakistan, for which a formal agreement was reached and signed between the State Bank of Pakistan and the Saudi Fund for Development.
During a ceremony held in Washington, the CEO of the Saudi Fund, Sultan bin Abdul Rahman, and the Governor of the State Bank, Jamil Ahmed, signed the agreement.
According to the Ministry of Finance, Federal Minister for Finance Muhammad Aurangzeb attended the signing ceremony of an important financial agreement in Washington DC, which was also attended by the Pakistani Ambassador to the United States.
The ceremony was held on the occasion of the Spring Meetings of the World Bank and the International Monetary Fund (IMF) 2026.
The announcement said that this agreement was signed between the Saudi Fund for Development (SFD) and the State Bank of Pakistan (SBP), under which the period of the Saudi deposit of $3 billion held in the State Bank has been extended.
