Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, informed that the Kingdom of Saudi Arabia has committed USD 3 billion in additional deposits, with disbursement expected in the coming week.
According to a press release issued by the finance ministry here on Wednesday, the minister was talking to the media in Washington, D.C., on the sidelines of the World Bank-IMF Spring Meetings 2026.
He said the existing USD 5 billion Saudi deposit would no longer remain subject to the earlier annual rollover arrangement and would instead be extended for a longer period. He shared important details regarding Saudi financial support for Pakistan and the government’s external financing strategy.
Senator Aurangzeb said this support comes at a critical time for Pakistan’s external financing needs and would help reinforce foreign exchange reserves and strengthen the country’s external account.
He reiterated the government’s commitment to maintaining reserves in line with its obligations to markets and under the IMF-supported programme, including the objective of achieving around USD 18 billion in reserves, equivalent to approximately 3.3 months of import cover, by the end of the fiscal year.
The Finance Minister noted that Pakistan had successfully repaid its USD 1.4 billion Eurobond last week, describing it as a “non-event,” and reaffirmed that the government remained fully committed to meeting all upcoming external obligations and maturities on time. He emphasized that Pakistan’s external financing plan is clearly defined and being implemented in a responsible and disciplined manner.
Referring to his engagements in Washington, Senator Aurangzeb said that he, along with the Governor, State Bank of Pakistan and Pakistan’s Ambassador to the United States, had held a detailed meeting with Saudi Finance Minister, Mohammed bin Abdullah Al-Jadaan.
He recalled that he had also met the Saudi Finance Minister in Islamabad the previous Friday, but noted that the government had deliberately refrained from commenting publicly in the absence of formal communication, despite media reports and speculation, as such matters required clarity and joint understanding before being shared.
Senator Aurangzeb also acknowledged the role of Pakistan’s political and economic leadership in securing and operationalizing the support.
He said, at this juncture, sentiment and confidence were critically important. He said Pakistan was receiving unprecedented appreciation from international financial institutions, the IMF, the World Bank, institutional investors, and counterparts he was meeting in Washington.
He noted that the international community was particularly recognizing Pakistan’s recent diplomatic and facilitative role in helping enable dialogue between parties that had not held face-to-face discussions for decades.