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SBP Receives $1b From Saudi Arabia, Second Tranche of $3b Deposit
The central bank said the funds complete the latest Saudi commitment and are meant to support reserves and IMF programme targets.
- On Tuesday, the State Bank of Pakistan confirmed receiving $1 billion from the Ministry of Finance of Saudi Arabia, marking the second tranche of a $3 billion deposit agreement with the Kingdom.
- The initial $2 billion tranche arrived on April 15, 2026, as part of the financial arrangement recently agreed upon by the Kingdom of Saudi Arabia to support Pakistan's external financing needs.
- Finance Minister Muhammad Aurangzeb targets around $18 billion in reserves by fiscal year-end, while Pakistan simultaneously manages a $3.5 billion loan repayment to the United Arab Emirates this month.
- Prime Minister Shehbaz Sharif visited Jeddah recently, meeting Crown Prince Mohammed bin Salman to discuss regional stability and express appreciation for the Kingdom's continued economic support.
- Pakistan expects to receive around $1.21 billion from the International Monetary Fund next month, subject to board approval, as the government works to maintain reserves above $18 billion by June.
13 Articles
13 Articles
Pakistan received $1 billion in new aid from Saudi Arabia, part of a $3 billion package. This amount could be used to repay the UAE debt. Experts say this relief is temporary and not a permanent solution to the economic crisis.
Pak receives second tranche of USD 1 bn loan from Saudi Arabia
Karachi: Pakistan has received the second and final tranche of USD 1 billion from Saudi Arabia, as part of a USD 3 billion aid package aimed at boosting its foreign reserves, the state bank said on Tuesday. Last week, Saudi Arabia pledged USD 3 billion in deposits for Pakistan and extended its existing USD 5 billion facility for a further three years. The State Bank of Pakistan (SBP) confirmed through a social media post that it has received the…
SBP receives $1b from Saudi Arabia, second tranche of $3b deposit
The State Bank of Pakistan (SBP) said on Tuesday that the country has received $1 billion from the Ministry of Finance of Saudi Arabia, marking the second tranche of a $3 billion deposit agreement with the Kingdom, in a post on X. In the statement, the central bank said the funds were received “with a value date of 20 April 2026” as part of the financing arrangement recently agreed between the two countries. State Bank of Pakistan has received f…
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