KARACHI: Pakistan has received an additional $1 billion from Saudi Arabia, according to confirmation by the State Bank of Pakistan here on Tuesday.
The amount represents the second tranche of a $3 billion deposit facility extended by Saudi Arabia to support Pakistan’s foreign exchange reserves. Earlier, Pakistan received $2 billion as the first installment on April 15.
According to official statements, Saudi Arabia has also rolled over its existing $3 billion deposits, extending their maturity period. This arrangement was formalized through an agreement between the Saudi Fund for Development and the State Bank of Pakistan.
The deal was signed during a financial ceremony held in Washington, D.C., on the sidelines of the World Bank and IMF Spring Meetings 2026, where Pakistan’s Finance Minister Muhammad Aurangzeb participated along with Pakistan’s ambassador to the United States.
Authorities say the financial support aims to strengthen Pakistan’s foreign reserves and stabilize the economy, which has faced persistent external financing pressures.
The Saudi assistance is part of ongoing economic cooperation between the two countries and is expected to provide short-term relief to Pakistan’s balance of payments situation.
