Maps
Magazine

POLITICS & POLICY MAKING

Saudi Arabia to Extend $3 Billion Deposit Support to Pakistan, Finance Minister Says
Pakistan’s finance minister says Saudi Arabia has agreed to provide an additional $3 billion deposit, expected next week, strengthening the country’s foreign exchange reserves.
ND
by News Desk
2026-04-15
Saudi Arabia to Extend $3 Billion Deposit Support to Pakistan, Finance Minister Says

Pakistan’s Finance Minister Muhammad Aurangzeb has announced that Saudi Arabia has committed to providing an additional $3 billion deposit to Pakistan, which is expected to be disbursed next week.

According to the finance minister, this deposit will not be part of the previous annual rollover arrangement but will instead be extended for a longer duration. The move is expected to significantly strengthen Pakistan’s foreign exchange reserves and improve overall financial stability.

He added that the government anticipates foreign reserves to reach approximately $18 billion by the end of the fiscal year, supported by ongoing economic measures.

Aurangzeb further stated that Pakistan continues to implement reforms under the IMF program to stabilize the economy. He also noted that the country has successfully repaid a $1.4 billion Eurobond, reflecting improved financial discipline.

Expressing gratitude to Saudi leadership, the finance minister said that improved economic policies are helping restore confidence among international institutions and investors.

He reaffirmed that the government remains committed to meeting external payment obligations on time and is implementing a clear strategy for managing the country’s external financing needs.

At the end of his statement, he also thanked the Prime Minister, the Field Marshal, the Foreign Minister, and the Governor of the State Bank for their cooperation in managing the country’s economic strategy.
Tagged:

#Pakistan #SaudiArabia #Finance #EconomicSupport #ForeignExchangeReserves #IMF #BreakingNews #Economy #MuhammadAurangzeb #Investments #BilateralRelations #FiscalPolicy
Share News: