ISLAMABAD: The State Bank of Pakistan on Wednesday confirmed it has received $2 billion from the Ministry of Finance of Saudi Arabia, providing a significant boost to the country’s foreign exchange reserves.
According to an official statement, the funds were transferred with a value date of April 15, 2026, reinforcing Pakistan’s financial position amid ongoing economic challenges. The deposit reflects continued financial support from Saudi Arabia and underscores strong bilateral economic ties between the two nations.
Moreover, the inflow is expected to improve liquidity levels and help stabilise the external account. Analysts say such deposits play a crucial role in strengthening investor confidence and supporting the local currency during periods of economic uncertainty.
In recent years, Saudi Arabia has repeatedly extended financial assistance to Pakistan, including deposits, oil facility support, and deferred payment arrangements. These measures have helped Islamabad manage balance of payments pressures and meet international obligations.
Meanwhile, officials indicated that the latest deposit aligns with broader efforts by the government to secure external financing and maintain adequate foreign reserves. Pakistan has been working closely with friendly countries and international institutions to ensure macroeconomic stability.
Furthermore, the development comes at a time when policymakers are focusing on sustaining economic reforms and improving fiscal discipline. The additional funds are likely to provide short-term relief while authorities continue negotiations for long-term financial arrangements.
Overall, the deposit signals continued confidence from Saudi Arabia in Pakistan’s economic management and reform trajectory, while also offering timely support to ease external financing constraints.
