ISLAMABAD: The State Bank of Pakistan has received $1 billion from the Ministry of Finance of the Kingdom of Saudi Arabia, the central bank confirmed, saying the funds were transferred on April 20, 2026. The inflow is expected to further strengthen Pakistan’s foreign exchange reserves.
Second Installment of Deposit Agreement
The amount represents the second and final tranche of a $3 billion deposit facility recently agreed between Pakistan and Saudi Arabia. The arrangement is aimed at supporting Pakistan’s economic stability and improving its balance of payments position.
Details of First Tranche
Earlier, under the same agreement, the first installment of $2 billion was received by the State Bank on April 15, 2026. With the completion of the full $3 billion transfer, Pakistan’s foreign exchange reserves have witnessed a significant increase, which is being viewed positively by economic observers.
Impact on Economic Stability
The timely financial support from Saudi Arabia is expected to ease pressure on the Pakistani rupee and improve external payment stability. The assistance is seen as a reflection of long-standing bilateral ties between Pakistan and Saudi Arabia and confidence in Pakistan’s ongoing economic recovery.
