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KARACHI: Pakistan has received a significant financial boost as the State Bank of Pakistan confirmed that the second tranche of $1 billion out of a $3 billion deposit from Saudi Arabia has been credited to the country’s deposits.
Earlier, the first tranche of $2 billion was received on April 15. At that time, the central bank had stated that with the inflow from the Saudi Ministry of Finance, the Kingdom had also reaffirmed its commitment to provide a total of $3 billion in financial support to help stabilize Pakistan’s foreign exchange reserves.
In addition to the fresh inflows, Saudi Arabia had also rolled over its existing $3 billion deposit placed with Pakistan, ensuring continued financial backing. A formal agreement for this rollover was signed between the State Bank of Pakistan and the Saudi Fund for Development.
According to the Ministry of Finance, Federal Finance Minister Muhammad Aurangzeb attended the signing ceremony held in Washington, D.C.. Pakistan’s ambassador to the United States was also present at the event.
The ceremony took place on the sidelines of the 2026 Spring Meetings of the World Bank and the International Monetary Fund, where global financial leaders gathered to discuss economic outlook and cooperation.
An official statement noted that the agreement extends the tenure of the $3 billion Saudi deposit held with the State Bank of Pakistan, providing much-needed support to the country’s external account position and helping strengthen foreign exchange reserves amid ongoing economic challenges.
