Saudi $2 Billion Boost Strengthens Pakistan’s Foreign Reserves

KARACHI: Pakistan has received $2 billion from Saudi Arabia, providing significant support to the country’s foreign exchange reserves, officials confirmed on Wednesday.

The State Bank of Pakistan stated that the funds were received from Saudi Arabia’s Ministry of Finance on April 15, 2026.

According to sources in the finance ministry, Saudi Arabia has also assured a total financing package of $3 billion to help stabilize Pakistan’s external reserves.

Officials further noted that Pakistan is due to make a $3.5 billion payment to the United Arab Emirates later this month—an amount that accounts for approximately 18% of the country’s official foreign reserves. However, the recent Saudi financial support is expected to ease pressure on reserves ahead of the payment.

In addition, Saudi Arabia has pledged to roll over its existing $5 billion deposits for an extended period, a move likely to provide further stability to Pakistan’s external account and strengthen its overall financial position.