Saudi Arabia has announced additional financial support of $3 billion to Pakistan and extended an existing $5 billion deposit facility for another three years, according to official statements reported by local media.
The latest assistance comes as Pakistan faces significant external financing pressures, including upcoming debt repayments and continued strain on foreign exchange reserves.
Pakistan’s Finance Minister Muhammad Aurangzeb said the Saudi deposit arrangement will no longer follow annual rollover terms and will instead remain in place for a longer duration. He made the remarks during a briefing on the sidelines of the World Bank–IMF Spring Meetings in Washington.
The extension is expected to provide Islamabad with short-term relief as it manages external obligations and works to stabilise its balance of payments position.
Pakistan is also preparing to repay $3.5 billion to the United Arab Emirates this month, adding to its immediate financial requirements.
Officials said the Saudi support will help strengthen foreign exchange reserves and support macroeconomic stability under Pakistan’s ongoing programme with the International Monetary Fund (IMF). The IMF has required key bilateral partners, including Saudi Arabia, China, and the UAE, to maintain their financial deposits in Pakistan during the programme period.
The development comes as Prime Minister Shehbaz Sharif is scheduled to visit Saudi Arabia, Qatar, and Türkiye as part of efforts to secure continued financial and diplomatic backing.
The assistance reflects ongoing economic coordination between Islamabad and Gulf partners as Pakistan works to manage external debt obligations and stabilize its financial position.
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