Pakistan Secures Full $3 Billion Saudi Deposit as SBP Receives Final $1 Billion Boost

The State Bank of Pakistan has confirmed the receipt of the final $1 billion tranche from the Ministry of Finance of Saudi Arabia, completing a $3 billion financial support arrangement aimed at strengthening Pakistan’s external reserves.

According to an official statement released on Tuesday, the second tranche was credited with a value date of April 20, 2026. This follows the earlier transfer of $2 billion on April 15, bringing the total deposited amount to $3 billion.

The development comes shortly after Prime Minister Shehbaz Sharif visited Saudi Arabia to enhance bilateral ties and discuss regional stability. During the visit, he held talks with Crown Prince Mohammed bin Salman in Jeddah, where he expressed gratitude for the Kingdom’s continued financial support and reaffirmed Pakistan’s solidarity amid evolving regional dynamics.

Earlier, Finance Minister Muhammad Aurangzeb had announced that Riyadh would extend $3 billion in additional assistance, with prompt disbursement expected. He also highlighted that Saudi Arabia had extended the duration of its existing $5 billion deposit, easing previous rollover conditions.

The inflow has significantly bolstered Pakistan’s external financial position, particularly as the country recently repaid $2 billion to the United Arab Emirates, where the funds had been held with the central bank.

Saudi Arabia remains a critical economic partner for Pakistan, having provided multiple financial support packages during past economic challenges, including a $6 billion assistance program in 2018 comprising deposits and oil supply facilities.