The State Bank of Pakistan announced on Tuesday that it has received $1 billion from the Ministry of Finance of the Kingdom of Saudi Arabia.
“This is the second tranche of the $3 billion deposit recently agreed by the Kingdom of Saudi Arabia,” the central bank said in its statement.
It added that the first tranche of $2 billion was received on April 15, 2026.
Earlier, Muhammad Aurangzeb had shared that Saudi Arabia committed an additional $3 billion in deposits, with disbursement expected shortly.
He also noted that the existing $5 billion Saudi deposit would no longer be subject to the previous annual rollover arrangement and would instead be extended for a three-year period.
The additional financial support comes alongside Riyadh’s decision to extend the rollover of another $5 billion deposit for a longer duration, Aurangzeb said while speaking to reporters in Washington.
A spokesperson from Saudi Arabia’s finance ministry confirmed, “We can confirm that Saudi Arabia has agreed to a $3 billion deposit with Pakistan to support their balance of payments.”
The inflow comes as Pakistan faces a $3.5 billion repayment obligation to United Arab Emirates this month, placing pressure on its foreign exchange reserves. The repayment accounts for roughly 18% of those reserves.
Saudi Arabia has consistently supported Pakistan during times of economic difficulty. In 2018, Riyadh announced a $6 billion assistance package, which included a $3 billion deposit with Pakistan’s central bank and another $3 billion in oil supplies on deferred payments.
