Pakistan, Dec. 4 -- Saudi Arabia has once again extended the $3 billion deposit it holds with Pakistan for another year. The funds, originally set to mature today, are managed by the State Bank of Pakistan (SBP). The extension aims to provide continued financial stability amid Pakistan's ongoing economic challenges.

The deposit comes from the Saudi Development Fund, which initially provided the $3 billion in 2021. Over the years, this fund has helped Pakistan maintain its foreign reserves and manage balance-of-payment pressures. With the extension, the deposit will now remain with the SBP until late 2026.

Officials said the deposit will help Pakistan meet import bills, service debt, and strengthen overall liquidity. It also reinforces f...