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Pakistan receives $2bn from Saudi Arabia: SBP

Saudi Arabia’s support lifts Pakistan’s reserves as officials seek to meet IMF targets and cover a $3.5 billion UAE repayment.

  • On Wednesday, Prime Minister Shehbaz Sharif began a four-day diplomatic tour of Saudi Arabia, Qatar, and Turkey to address economic needs and strengthen regional relations amid Middle East tensions.
  • Pakistan faces a $3.5 billion repayment to the United Arab Emirates this month, straining foreign exchange reserves that stood at about $16.4 billion as of March 27.
  • The State Bank of Pakistan confirmed on Thursday it received $2 billion from Saudi Arabia, part of a total $3 billion commitment to support the balance of payments.
  • During his Jeddah visit, Sharif met Crown Prince Mohammed bin Salman, expressing 'full solidarity' with the Kingdom amid regional escalation while Pakistan mediates Middle East peace efforts.
  • Under its $7 billion IMF program, Pakistan targets foreign exchange reserves of more than $18 billion by June, though analysts warn financing risks remain a key vulnerability amid volatile energy prices.
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The New Arab broke the news in London, United Kingdom on Wednesday, April 15, 2026.
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