Saudi financial support and deposit extension reinforce Pakistan’s external stability amid IMF program pressures
ISLAMABAD: The State Bank of Pakistan confirmed on Tuesday that it has received $2 billion from the Ministry of Finance of Saudi Arabia, delivering a significant boost to the country’s foreign exchange reserves at a time of ongoing external financing pressures.
The inflow, recorded on April 15, 2026, comes as Pakistan continues efforts to stabilize its economy and meet obligations under its $7 billion International Monetary Fund program. Officials say the funds will help ease pressure on the external account and strengthen reserve levels.
The financial assistance was finalized during Prime Minister Shehbaz Sharif’s recent visit to Saudi Arabia, where he met Crown Prince Mohammed bin Salman in Jeddah. During the meeting, Sharif expressed gratitude for Riyadh’s continued economic support and reiterated Pakistan’s commitment to maintaining strong bilateral relations amid regional tensions.
According to Finance Minister Muhammad Aurangzeb, Saudi Arabia has committed a total of $3 billion in fresh assistance to Pakistan. He also confirmed that the Kingdom has extended the maturity period of an existing $5 billion deposit, further reinforcing Pakistan’s financial cushion.
The latest inflows are expected to improve short-term liquidity conditions and support efforts to stabilize the rupee, which has faced pressure due to import demands and external debt repayments.
Pakistan’s economy remains under close scrutiny from international lenders and credit agencies as it works to balance fiscal reforms with external financing needs. Officials maintain that continued support from key allies, including Saudi Arabia, is crucial for maintaining macroeconomic stability.
About The Author
