Washington: Federal Minister for Finance Muhammad Aurangzeb has confirmed that Pakistan is set to receive $3 billion in additional financial support from Saudi Arabia in the coming week in a development expected to reinforce the country’s external financial position and strengthen foreign exchange reserves.
Speaking to media representatives at the Pakistani Embassy in Washington, the minister revealed that he held comprehensive discussions with his Saudi counterpart regarding bilateral financial cooperation.
He noted that these talks followed an earlier round of engagement held in Islamabad last week, during which Saudi authorities reaffirmed their commitment to supporting Pakistan through additional deposits.
Aurangzeb stated that the $3 billion assistance will be disbursed in the form of deposits and is expected to be transferred within the next week.
He underscored that Pakistan has continued to meet its external financial obligations in a timely manner, including the recent repayment of $1.4 billion and reiterated the government’s commitment to maintaining a strong repayment track record.
Saudi Arabia Announces USD 3 Billion Additional Support, Extends USD 5 Billion Deposit: Finance Minister
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has informed that the Kingdom of Saudi Arabia has committed USD 3 billion in additional deposits, with… pic.twitter.com/E8dXPg6g9Y
— Ministry of Finance, Government of Pakistan (@Financegovpk) April 15, 2026
In addition, the finance minister disclosed that Saudi Arabia has agreed to extend the maturity period of its existing $5 billion deposit facility for Pakistan until 2028, replacing the previous annual rollover mechanism.
He expressed appreciation to the Saudi leadership, particularly Crown Prince Mohammed bin Salman, for their sustained support and confidence in Pakistan’s economic direction.
The minister emphasized that continued financial backing from Saudi Arabia will play a pivotal role in stabilizing Pakistan’s macroeconomic indicators, enhancing foreign exchange reserves, and restoring investor confidence. He reaffirmed the government’s commitment to increasing reserves to $18 billion in the near term.
Highlighting broader economic developments, Aurangzeb noted that Pakistan’s reform agenda and fiscal discipline are receiving positive acknowledgment from international financial institutions.
He further pointed out that the government is actively diversifying its financing avenues through instruments such as the Global Medium-Term Note (GMTN) programme and Panda bonds.
Concluding his remarks, the finance minister reiterated that the government remains firmly committed to advancing structural reforms and ensuring long-term economic stability, adding that Saudi Arabia’s continued partnership remains instrumental in supporting Pakistan’s economic resilience and growth trajectory.
