Saudi Arabia Deposits $2 Billion in Pakistan, Boosting Foreign Reserves
ISLAMABAD: In a major boost to Pakistan’s economy, the State Bank of Pakistan has received $2 billion from Saudi Arabia’s Ministry of Finance, with a value date of April 15, 2026.
The amount is part of a newly approved $3 billion financial support package from Saudi Arabia, with the remaining funds expected to be disbursed soon.
The development comes during Prime Minister Shehbaz Sharif’s ongoing visit to Saudi Arabia, where he held a two-hour meeting with Crown Prince Mohammed bin Salman. The leaders discussed regional developments and matters of mutual interest in detail.
During the meeting, the prime minister reaffirmed Pakistan’s full solidarity with Saudi Arabia amid recent regional tensions, stating that the people of Pakistan stand shoulder to shoulder with their Saudi counterparts.
Finance Minister Muhammad Aurangzeb said the $3 billion deposits are not part of the previous annual rollover arrangement but have been extended for a longer term.
He added that the inflow will provide significant support to Pakistan’s foreign exchange reserves, which are now expected to reach around $18 billion by the end of the current fiscal year.
