Saudi Arabia deposits $3bn in Pakistan’s central bank, extends $5bn facility

It also decided to extend the term of an existing 5 billion dollars deposit at the bank to strengthen the resilience of Pakistan’s economy amid evolving global challenges, the Saudi Press Agency reported on Thursday.

The measures came after Pakistani Prime Minister Shehbaz Sharif paid an official visit to Saudi Arabia on Wednesday.

Pakistan has also been leading mediation efforts between the United States and Iran aimed at ending the war and reducing regional escalation.

Saudi Arabia is one of Pakistan’s largest oil suppliers and has repeatedly provided financial assistance and deferred-payment oil facilities during economic crises.

In September 2025, the two countries signed a strategic mutual defense agreement, a landmark pact stating that an attack on one would be considered an attack on both, formalizing decades of informal military cooperation.