Saudi Arabia Rolls Over $3 Billion Deposit for Pakistan
Saudi Arabia Rolls Over $3 Billion Deposit to Support Pakistan’s Economy
Pakistan’s Finance Minister Muhammad Aurangzeb says Saudi Arabia has extended the repayment period of its $3 billion deposit, reaffirming continued financial support for Islamabad.
Saudi Arabia has rolled over Pakistan’s $3 billion financial deposit, providing further support to the country’s foreign exchange reserves and external financing position.
Federal Finance Minister Senator Muhammad Aurangzeb confirmed the development while speaking to the media at Parliament House on Wednesday.
He said Saudi Arabia had extended the deposit for an appropriate period, effectively postponing its repayment. The minister added that Pakistan did not need to be concerned about the financial arrangement, given the strong and longstanding relationship between the two countries.
Aurangzeb also revealed that he had held a productive meeting with his Saudi counterpart, during which financial cooperation and bilateral relations were discussed.
Saudi Arabia’s Continued Financial Support
Sau’di Arabia has provided financial assistance to Pakistan over several years to help strengthen its foreign exchange reserves.
In October 2021, the Sau’di government deposited $3 billion with the State Bank of Pakistan to support the country’s reserves. The deposit was subsequently extended several times.
In June 2023, Saudi Arabia provided an additional $2 billion, bringing the total Saudi deposits held by the State Bank to $5 billion.
The Kingdom has also extended deferred payment facilities for Pakistan’s oil imports. In April 2026, Saudi Arabia announced another $3 billion deposit, further reinforcing its financial assistance to Islamabad.
Pakistan Focuses on External Debt Payments
The finance minister said Pakistan currently did not require additional financial support from Sau’di Arabia.
He highlighted that the country faces annual Eurobond repayment obligations of approximately €1.5 billion. The government is working to ensure that future repayments can be managed without creating financial difficulties for the next administration.
Aurangzeb also discussed Pakistan’s engagement with the International Monetary Fund (IMF), saying the IMF Executive Board could visit Pakistan in December. However, no final date has been confirmed.
The extension of Saudi Arabia’s $3 billion deposit is expected to provide Pakistan with additional financial breathing room as the government continues efforts to manage external obligations and maintain economic stability.
