Washington: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, observed the signing of a significant financial agreement in Washington, D.C., alongside the Ambassador of Pakistan to the United States, during the World Bank-IMF Spring Meetings 2026. The agreement involves the extension of a USD 3 billion deposit placed by the Saudi Fund for Development (SFD) with the State Bank of Pakistan (SBP).

According to Press Information Department, the agreement was formalized by Sultan bin Abdulrahman Al-Marshad, Chief Executive Officer of the Saudi Fund for Development, and Jameel Ahmad, Governor of the State Bank of Pakistan. The extension of the deposit is seen as a testament to the enduring economic relationship between Pakistan and Saudi Arabia, aimed at bolstering Pakistan’s external sector stability.