Web Desk: Pakistan has received an additional $1 billion from Saudi Arabia, the central bank said on Tuesday, providing further support to the country’s foreign exchange reserves.
The State Bank of Pakistan confirmed it received the funds from the Saudi Ministry of Finance. It said the amount represents the second tranche of a previously announced $3 billion deposit facility.
Earlier, Pakistan received $2 billion on April 15 as part of the same arrangement. As a result, the full pledged amount of $3 billion from Saudi Arabia has now been disbursed.
Moreover, Saudi Arabia had committed the deposit to help stabilize Pakistan’s economy and ease pressure on its external account.
Meanwhile, Finance Minister Muhammad Aurangzeb recently said authorities are working to extend the tenure of an additional $5 billion in deposits. Instead of annual rollovers, the government aims to secure a three-year extension, pushing maturity to 2028.
In addition, Pakistan has been actively managing its external obligations. Officials said the country repaid $2 billion to the United Arab Emirates last week, along with $450 million in interest.
Furthermore, another $1 billion payment to the UAE is due on April 23, reflecting ongoing efforts to meet repayment schedules while maintaining liquidity.
The inflow from Saudi Arabia is expected to strengthen Pakistan’s reserves position in the short term. However, analysts say sustained financial stability will depend on continued external support and structural reforms.
