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Pakistan receives $2 billion from Saudi Arabia into SBP

Existing $5 billion deposit to be converted into long-term arrangement.

Saudi Arabia has strengthened its financial support to Pakistan by depositing $2 billion into the State Bank of Pakistan (SBP), the central bank confirmed today.

According to the State Bank of Pakistan the funds were received on April 15, 2026, from the Ministry of Finance of the Kingdom of Saudi Arabia. In an official statement on X, the SBP confirmed “State Bank of Pakistan has received funds of US$2 billion from Ministry of Finance, Kingdom of Saudi Arabia with value date of 15 April 2026.”

The inflow is aimed at supporting Pakistan’s foreign exchange reserves, which have remained under pressure due to ongoing external account challenges.

A day earlier, Finance Minister Muhammad Aurangzeb announced that Saudi Arabia has also committed an additional $3 billion in financial assistance for Pakistan, with disbursement expected next week.

He further stated that the existing $5 billion Saudi deposit will no longer remain subject to the earlier annual rollover arrangement and will instead be converted into a longer-term facility.

The finance minister made these remarks while speaking to the media in Washington, D.C., on the sidelines of the World Bank–IMF Spring Meetings 2026. He also outlined details of Saudi financial support as well as Pakistan’s broader external financing strategy.

Sources within the Ministry of Finance said the latest support reflects continued Saudi commitment to Pakistan’s economic stability, following earlier approval of the additional $3 billion package.

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