Saudi Arabia Injects USD2B in Pakistan
The State Bank of Pakistan announced via the US social media platform X that the funds were transferred from Saudi Arabia's Finance Ministry with a value date of April 15, 2026. The disbursement followed Prime Minister Shehbaz Sharif's meeting with Saudi Crown Prince Mohammed bin Salman in Jeddah.
The $2 billion represents the first tranche of a larger commitment. Finance Minister Muhammad Aurangzeb disclosed earlier this week that Riyadh had pledged a total of $3 billion in financial assistance, with the remaining balance expected to arrive next week.
The timing is critical. Pakistan is due to repay $3.5 billion in debt to the United Arab Emirates before the end of the month. Media reported last week that Saudi Arabia and Qatar are together expected to provide a combined $5 billion in support to help Islamabad stabilize its reserves and meet external obligations through June.
Pakistan's reserve position remains precarious, with officials warning of further deterioration without sustained foreign inflows. Total liquid foreign exchange reserves currently stand at approximately $21.89 billion — $16.4 billion held by the central bank and roughly $5.49 billion with commercial banks.
Aurangzeb noted that Pakistan had already made $1.4 billion in external payments last week alone, underscoring the scale of the country's near-term financial pressures.
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