Pakistan said it secured $3 billion in financial support from Saudi Arabia, helping to bolster its foreign exchange reserves and offset a loan repayment the country will make to the United Arab Emirates.
In its latest report, Bloomberg said Saudi Arabia has committed additional funds with “disbursement expected in the coming week,” Pakistan’s Finance Ministry said in a statement Wednesday, citing its minister Muhammad Aurangzeb. It also extended an existing $5 billion deposit, which will no longer be subject to the earlier annual rollover arrangement.
Speaking to reporters on the sidelines of the World Bank–IMF Spring Meetings 2026 in Washington, D.C., Muhammad Aurangzeb outlined the details of Saudi financial support and Pakistan’s broader external financing plan.
Aurangzeb said he, along with the Governor of the State Bank of Pakistan and Pakistan’s Ambassador to the United States, held a detailed meeting with Saudi Finance Minister H.E. Mohammed bin Abdullah Al-Jadaan. He noted that an earlier meeting had also taken place in Islamabad the previous Friday, though the government had withheld any public comment pending formal confirmation of the arrangement.
The finance minister expressed deep gratitude to Saudi leadership — particularly Crown Prince Mohammed bin Salman, Finance Minister Al-Jadaan, and the Vice Finance Minister — for their continued support and efforts in finalising the package.
Aurangzeb said the assistance arrives at a critical juncture for Pakistan’s external financing, adding that it would bolster the country’s foreign exchange reserves and strengthen the external account.
The support, he said, is aligned with the government’s target — set under its IMF-backed programme — of building reserves to approximately $18 billion, equivalent to around 3.3 months of import cover, by the close of the current fiscal year.
