Overview
- The deposit, originally due on December 8, 2025, will remain with the State Bank of Pakistan until December 2026 under the latest extension.
- The facility was first placed in 2021 and has been rolled over repeatedly as part of short-term reserve support.
- Pakistan’s total liquid reserves were $19.59 billion on November 28, including $14.57 billion at the SBP, with the Saudi deposit accounting for roughly a fifth of the central bank’s dollars.
- Officials say the extension strengthens reserve buffers and helps meet IMF thresholds, while analysts caution it offers only temporary relief and may carry geopolitical expectations.
- Commentators report Pakistan pays interest on such deposits—previously around 4% and possibly higher now—and the country still plans to refinance or roll over about $16 billion this fiscal year.