RIYADH: Saudi Arabia has continued its support to enhance Pakistan’s economic stability by extending the term of an existing $5 billion deposit at the State Bank of Pakistan and announcing an additional deposit of $3 billion.
The move reflects the strong ties and ongoing cooperation between Saudi Arabia and Pakistan, and is in line with the directives of King Salman and Crown Prince Mohammed bin Salman.
This assistance aims at supporting Pakistan’s economy and strengthening its resilience amid evolving global economic challenges.
It also comes in accordance with the leadership’s directives to strengthen the bonds of brotherhood between the two countries, affirming the Kingdom’s commitment to fostering the economic growth of Pakistan, which is expected to improve the living conditions of Pakistani citizens.
Pakistan’s Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced on Wednesday that Saudi Arabia has committed $3 billion in additional financial support to Pakistan.
Aurangzeb also said that the existing $5 billion Saudi deposit would no longer remain subject to the earlier annual rollover arrangement and would instead be extended for a longer period.
The finance minister made the announcement while talking to members of the media in Washington, DC, on the sidelines of the World Bank–IMF Spring Meetings 2026.
Aurangzeb said this support comes at a critical time for Pakistan’s external financing needs and would help reinforce foreign exchange reserves and strengthen the country’s external account.
He reiterated the Pakistani government’s commitment to maintaining reserves in line with its obligations to markets and under the IMF-supported program, including the objective of achieving around $18 billion in reserves.
