Saudi Arabia Pledges $3 Billion Fresh Deposit to Pakistan, Extends $5 Billion Facility

Saudi Arabia has committed an additional $3 billion in deposits to Pakistan, with disbursement expected soon, while extending its existing $5 billion deposit facility beyond the previous annual rollover arrangement.

Pakistan’s Finance Minister Muhammad Aurangzeb made the announcement while speaking to media on the sidelines of the World Bank-IMF Spring Meetings 2026 in Washington.

The fresh $3 billion support aims to bolster Pakistan’s foreign exchange reserves and help manage external financing needs, including upcoming debt obligations such as repayments to the United Arab Emirates.

Aurangzeb stated that the existing $5 billion Saudi deposit would no longer be subject to yearly rollovers and has instead been extended for a multi-year period. This provides greater stability to Pakistan’s balance of payments position.

The move underscores the longstanding economic partnership between Riyadh and Islamabad. Saudi Arabia has been a key supporter of Pakistan during periods of financial stress, offering deposits and other assistance that have helped sustain reserves and meet IMF programme targets.

The announcement comes as Pakistan works to maintain adequate import cover and navigate repayments amid regional economic pressures. Officials have indicated the new inflows will contribute toward goals of strengthening reserves.

Pakistan’s government views the Saudi support as timely and strategic, reinforcing confidence in its external financing strategy during the international financial meetings.