Washington: Pakistan has secured a USD 3 billion financial support package from Saudi Arabia, with disbursement expected next week, Finance Minister Muhammad Aurangzeb said on Wednesday.
Speaking on the sidelines of the World Bank-IMF Spring Meetings 2026 in Washington, he said the support will help strengthen foreign exchange reserves and ease pressure on the country’s external account.
He added that Saudi Arabia has also agreed to extend its existing USD 5 billion deposit with Pakistan for a longer tenure, removing the need for annual rollovers and providing greater financial stability.
The development comes as Pakistan prepares to repay around USD 3 billion to the United Arab Emirates by the end of the month after failing to secure a rollover for the first time in seven years. The repayment is expected to put pressure on reserves, which currently stand at about USD 16 billion.
Aurangzeb said the government remains committed to maintaining reserves in line with its programme with the International Monetary Fund, targeting around USD 18 billion — equivalent to about 3.3 months of import cover — by the end of the current fiscal year.
He also noted that Pakistan recently repaid a USD 1.4 billion Eurobond and is pursuing additional external financing avenues, including the Global Medium-Term Note programme and a planned Panda bond issuance, to diversify funding sources and ensure timely debt servicing.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
