Saudi Arabia has stepped forward with fresh financial support for Pakistan at a time when the country is under intense pressure to stabilise its fragile economy. The new assistance includes an additional $3 billion deposit, along with an extension of an existing $5 billion financial facility for three years, offering Islamabad crucial breathing space as it navigates economic challenges.
The announcement was made by Pakistan’s Finance Minister Muhammad Aurangzeb while speaking to reporters in Washington during meetings held alongside the World Bank–IMF Spring Meetings 2026. According to him, Saudi Arabia has agreed to place an additional $3 billion deposit with Pakistan, while the earlier $5 billion deposit facility has now been extended for a longer period instead of the previous annual renewal system.
For Pakistan, the timing of this support is particularly significant. The country is expected to repay nearly $3.5 billion to the United Arab Emirates this month, which has added pressure on its already strained foreign exchange reserves. With reserves closely watched by global lenders and investors, maintaining stability has become a priority for the government.
Officials say the Saudi financial assistance will help Pakistan maintain reserve levels and strengthen its external financial position. It also comes as part of broader efforts to ensure the country meets conditions set under its ongoing programme with the International Monetary Fund.
Under the current three-year IMF programme, Pakistan’s key bilateral partners — Saudi Arabia, China, and the United Arab Emirates — are expected to maintain their deposits with the country throughout the duration of the programme. These deposits play a crucial role in keeping Pakistan’s external finances stable and preventing sudden shocks to the economy.
Finance Minister Aurangzeb said the government remains committed to fulfilling its financial obligations and maintaining reserves in line with IMF targets. According to him, Pakistan is working to ensure that its economic reforms and financial management stay on track while meeting market obligations.
The development also coincides with upcoming diplomatic engagements by Pakistan’s Prime Minister Shehbaz Sharif, who is expected to visit Saudi Arabia, Qatar, and Türkiye starting April 15. Economic cooperation, financial assistance and investment opportunities are expected to be key areas of discussion during these visits.
For Pakistan, the latest financial backing from Saudi Arabia is more than just a deposit — it signals continued strategic and economic support from one of its closest partners. At a time when the country is balancing debt repayments, IMF commitments and economic reforms, such assistance could provide much-needed stability and help restore confidence in its financial outlook.