The State Bank of Pakistan confirmed the receipt of $2 billion from Saudi Arabia’s Ministry of Finance on April 15, 2026. This substantial inflow significantly enhances Pakistan’s foreign exchange reserves and alleviates pressure on its external account.
The transfer coincided with Prime Minister Shehbaz Sharif’s visit to Saudi Arabia, where he held talks with Crown Prince Mohammed bin Salman in Jeddah. During their meeting, the prime minister expressed gratitude for Saudi Arabia’s ongoing financial support and reaffirmed Pakistan’s solidarity with the Kingdom amid recent regional tensions.
In a notable development, Finance Minister Muhammad Aurangzeb announced that Riyadh would provide a total of $3 billion in fresh financial assistance. Additionally, Saudi Arabia extended the tenure of a previously deposited $5 billion, further strengthening the financial partnership between the two nations.
Pakistan is currently navigating external financing challenges, including upcoming debt repayments and obligations under its $7 billion program with the International Monetary Fund. This latest financial injection is expected to bolster reserve levels and contribute to economic stability as Pakistan strives to improve its fiscal health.
