RIYADH: Saudi Arabia has announced a financial assistance package worth $8 billion for Pakistan, aimed at supporting the country’s economic stability amid ongoing global financial challenges.
Read More: Saudi Arabia pledges $3 billion support for Pakistan
The announcement was made in Riyadh following directives from King Salman bin Abdulaziz and Mohammed bin Salman, underscoring the longstanding economic and strategic ties between the two nations.
According to the Saudi Press Agency, the package includes the extension of an existing $5 billion deposit held in the State Bank of Pakistan, along with a fresh deposit of $3 billion. The combined support raises the total financial assistance to $8 billion.
Saudi Arabia announced on Thursday granting a financial support amounting to $8 billion to boost Pakistan’s economic stability.https://t.co/bjxR9NGhKd
— Saudi Gazette (@Saudi_Gazette) April 16, 2026
Officials say the move comes at a critical time as Pakistan navigates economic pressures, including inflation, external debt obligations, and fiscal constraints. The extended and new deposits are expected to strengthen foreign exchange reserves and help stabilise the national currency.
Saudi authorities emphasised that the initiative reflects their continued commitment to Pakistan’s economic development and financial resilience. The assistance is also seen as part of broader efforts to deepen bilateral cooperation in trade, investment, and economic reforms.
Economic analysts believe the support could provide short-term relief by improving liquidity and boosting investor confidence. However, they also note that structural reforms and sustainable economic policies will remain essential for long-term stability.
Read More: Saudi Arabia pledges $3bn additional support, extends $5bn deposit
The Saudi leadership reiterated its intention to further enhance cooperation with Pakistan, highlighting the importance of strong bilateral relations in addressing shared economic challenges and promoting regional stability.