Pakistan, April 17 -- Pakistan and Saudi Arabia have agreed to extend a $3 billion deposit to strengthen external financial stability. The agreement was signed between the Saudi Fund for Development and the State Bank of Pakistan in Washington. The development is significant as Pakistan manages external financing pressures and IMF-linked targets.

The extension was finalised on the sidelines of the World Bank-IMF Spring Meetings 2026. Jameel Ahmad and SFD Chief Executive Sultan bin Abdulrahman Al-Marshad signed the agreement. Moreover, Finance Minister Muhammad Aurangzeb witnessed the signing ceremony.

Read more: Pakistan rallies support from regional allies as it leads Mideast

Officials said the agreement reflects strong economic coope...