Saudi Arabia on Thursday announced an additional $3 billion deposit to the State Bank of Pakistan (SBP), saying the financial support was provided on directives from King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman.
The development comes a day after Finance Minister Muhammad Aurangzeb said that Riyadh committed $3 billion in additional financial support for Pakistan, while also extending the maturity of its existing $5 billion deposit for a longer period.
The Saudi state news agency SPA confirmed this in a statement, saying the deposit aimed to support “the economy of the brotherly Islamic Republic of Pakistan” and strengthen its resilience in the face of global economic challenges.
The official statement said the support also includes extending the maturity of the kingdom’s $5 billion deposit with the SBP.
The financial support, it said, reinforced the bonds of brotherhood between the two brotherly countries and affirms Saudi Arabia’s continued commitment to supporting Pakistan’s economy.
$2bn Saudi funds land in SBP
Pakistan’s central bank said on Thursday it had received $2 billion from Saudi Arabia, providing immediate support to the country’s foreign exchange reserves amid ongoing efforts to stabilize its external position.
“The State Bank of Pakistan has received funds of $2 billion from the Ministry of Finance, Kingdom of Saudi Arabia in the value date of April 15, 2026,” the State Bank of Pakistan (SBP) said in a social media post.
Meanwhile, the total liquid foreign reserves of Pakistan stood at US$ 20,524.5 million as of April 10, 2026 while the reserves held by the State Bank of Pakistan dropped to $ 15,079.5 million due to Eurobond repayments.
SBP’s liquid foreign reserves decreased by $ 1,321 million to $ 15,079.5 million during the week ended on 10 April 2026 as SBP repaid $ 1,426.1 million against Pakistan Sovereign Eurobond, the central bank reported on Thursday in its weekly statement on the position of liquid foreign reserves.
Meanwhile, the net foreign reserves held by the commercial banks also decreased by $ 49.6 million to $ 5,445 million during the period under review, the break up of forex reserves depicted.
Pakistan’s total liquid foreign reserves in the previous week ended on April 03, 2026 were $ 21,894.9 million. Among them the State Bank of Pakistan held foreign exchange reserves of $ 16,400.3 million while the other $ 5,494.6 million were held by the commercial banks. Separately, the Pakistani Rupee on Thursday appreciated by one paisa against the US dollar in interbank trading and closed at Rs 278.95 compared to the previous day’s closing of Rs 278.96.