Saudi Arabia Approves $3 Billion Financial Support for Pakistan: Finance Minister

Pakistan’s Finance Minister Muhammad Aurangzeb has announced that Saudi Arabia has approved an additional $3 billion financial support package for Pakistan.

Speaking to the media, the minister said the amount will be provided as an additional deposit, expected to be disbursed next week. He clarified that this support is not part of the previous annual rollover arrangement but will be extended for a longer term, significantly strengthening Pakistan’s foreign exchange reserves.

According to the finance minister, Pakistan expects its reserves to reach around $18 billion by the end of the fiscal year. He added that the government continues to implement reforms under the International Monetary Fund (IMF) program to stabilize the economy.

He also noted that Pakistan has successfully repaid a $1.4 billion eurobond, reflecting improved financial management and renewed confidence from international investors and institutions.

The minister expressed gratitude to Saudi leadership and credited improved economic policies for restoring trust in Pakistan’s financial outlook. He further stated that the government remains committed to meeting external payment obligations on time under a clear and structured financial strategy.