Pakistan has received $2 billion from Saudi Arabia, confirmed the State Bank of Pakistan, marking a significant boost to the country’s foreign exchange reserves amid ongoing economic pressures.
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According to official confirmation, the funds were transferred as part of Saudi financial support commitments to Pakistan. The development comes as Islamabad continues to rely on external financing to stabilise its balance of payments position and strengthen reserve levels.
State Bank of Pakistan has received funds of US$2 billion from Ministry of Finance, Kingdom of Saudi Arabia in the value date of 15April2026.
— SBP (@StateBank_Pak) April 16, 2026
Saudi Arabia has also assured Pakistan of a total $3 billion deposit arrangement, with the remaining tranche expected to be disbursed in phases. The support is part of broader financial cooperation between the two countries, which has historically included deposits, oil financing facilities and investment commitments.
Earlier, Finance Minister Muhammad Aurangzeb had stated that the $3 billion Saudi support would be received soon, highlighting that such inflows are crucial for maintaining macroeconomic stability and meeting external financing needs.
In addition, the finance minister had noted that Saudi Arabia is also considering the rollover and extension of a $5 billion deposit facility for a longer term, shifting away from the previous annual renewal mechanism. Under the revised arrangement, the maturity period is expected to extend to 2028, providing greater predictability for Pakistan’s external account management.
Economists say such inflows help shore up foreign exchange reserves, support currency stability and improve investor confidence, particularly at a time when Pakistan is navigating IMF-linked reforms and external debt repayments.
The latest development underscores the continued financial partnership between Pakistan and Saudi Arabia, which remains one of Islamabad’s key sources of external support during economic adjustment phases.
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Authorities are expected to monitor the utilisation of these funds closely as part of broader efforts to maintain fiscal discipline and meet international financial obligations.