KARACHI: The State Bank of Pakistan (SBP) confirmed on Tuesday that it has received the second installment of $1 billion from the Kingdom of Saudi Arabia, bringing the total fresh deposits under the latest Saudi commitment to $3 billion.
State Bank of Pakistan has received funds of US$ 1 billion from Ministry of Finance, Kingdom of Saudi Arabia in the value date of 20April2026. This is the second tranche of the $3 billion deposit recently agreed by Kingdom of Saudi Arabia. First tranche of $2 billion has already…
— SBP (@StateBank_Pak) April 21, 2026
The central bank said the latest tranche follows an earlier transfer of $2 billion credited on April 15, 2026, under an arrangement announced during high-level contacts between Islamabad and Riyadh. The funds are intended to bolster Pakistan’s foreign exchange reserves and support economic stability amid pressure on external buffers.
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Finance Ministry and government officials welcomed the inflow as a timely boost that will help cushion near-term financing needs, including upcoming external repayments and import bills. The Saudi deposits are also seen as reinforcing bilateral ties after Riyadh extended an earlier $5 billion deposit facility and announced additional support.
Analysts noted the injections will ease immediate reserve pressures but cautioned that sustainable stability depends on continued external financing, higher export receipts, and progress on fiscal and structural reforms under Pakistan’s IMF-supported programme.
SBP did not provide details on the maturity or terms of the latest $3 billion deposit in its brief public notice. Government sources earlier said that the existing $5 billion Saudi deposit would be extended on longer-term arrangements rather than the previous annual rollover practice.
Further developments are expected as Islamabad manages repayments to other external creditors in the coming weeks.
