Pakistan’s central bank confirmed it has received a fresh $1 billion deposit from Saudi Arabia, completing the second tranche of a $3 billion support package.
According to the State Bank of Pakistan, the funds arrived on April 20, following the earlier $2 billion tranche received on April 15.
The inflow is expected to strengthen Pakistan’s foreign exchange reserves, offering temporary relief as the country navigates ongoing external financing challenges and economic pressures.
Finance Minister Muhammad Aurangzeb recently confirmed that Riyadh had committed an additional $3 billion deposit to further support Pakistan’s economy.
He also revealed that the existing $5 billion Saudi deposit will now remain in place for three years instead of being rolled over annually, ensuring more financial stability.
Pakistan continues to face external account pressures, including a $3.5 billion repayment obligation to the United Arab Emirates this month, making such inflows crucial.
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