Pakistan has secured an extension of Saudi Arabia's $3 billion financial deposit, providing additional support to the country's external financing position.

According to the latest reporting, Pakistan's finance minister confirmed that the Saudi financial facility had been extended for a reasonable period. The development comes as Islamabad continues to explore different avenues for strengthening its foreign exchange reserves and maintaining economic stability.

The extension is an important sign of continued financial cooperation between Pakistan and Saudi Arabia. Officials have also indicated that a proposed $10 billion US financial facility is not essential to Pakistan's immediate financial planning, although it could offer additional support if secured.

The development is expected to remain an important part of Pakistan's economic and diplomatic agenda.