Saudi Arabia Extends Financial Support to Pakistan with $3 Billion Deposit and $5 Billion Rollover
Saudi Arabia has announced additional financial support for Pakistan, including a new $3 billion deposit and the extension of an existing $5 billion deposit, according to Pakistan’s Finance Minister.
Finance Minister Muhammad Aurangzeb shared the development while speaking to media in Washington, D.C., on the sidelines of the World Bank and IMF Spring Meetings 2026.
💰 Strengthening Foreign Exchange Reserves
The additional financial support is expected to help strengthen Pakistan’s foreign exchange reserves and improve its external financial position.
Officials said the extended $5 billion deposit will now remain in place for a longer term instead of being rolled over annually, providing greater stability to the country’s reserve outlook.
📊 Economic Stability Measures
The finance minister stated that the government remains focused on achieving a target of around $18 billion in foreign exchange reserves, which would provide approximately 3.3 months of import cover.
He also noted that Pakistan recently repaid a $1.4 billion Eurobond, describing it as a smooth and successfully managed transaction.
🤝 High-Level Engagements
During his visit, the finance minister met Saudi officials, including Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan, to discuss ongoing financial cooperation and economic support.
He also acknowledged the role of Pakistan’s leadership and financial institutions in securing the agreement.
📉 Broader Economic Strategy
Pakistan is also pursuing broader financial strategies, including international bond programmes and planned entry into new global debt markets to diversify funding sources.
Officials say these steps are aimed at improving long-term financial stability and strengthening investor confidence.
