The State Bank of Pakistan has received a final $1 billion tranche from Saudi Arabia, completing a $3 billion financial package aimed at stabilizing the economy. This inflow follows a previous $2 billion deposit, providing a vital shield as Pakistan navigates heavy external debt repayments and IMF program targets.
The State Bank of Pakistan (SBP) confirmed on April 20, 2026, that it received US$ 1 billion from the Kingdom of Saudi Arabia. This transaction marks the second and final installment of a recently secured $3 billion deposit agreement.
Earlier, the State Bank of Pakistan acknowledged the first tranche of $2 billion on April 15. This financial support significantly bolsters the country’s foreign exchange reserves during a period of high debt servicing.
- Total New Deposit: $3 billion (Received in two parts: $2bn on April 15 and $1bn on April 20).
- Extension of Existing Funds: A separate $5 billion deposit has been extended for three years.
- Maturity Shift: Instead of annual rollovers, the $5 billion facility will now mature in 2028.
Federal Finance Minister Muhammad Aurangzeb had previously signaled that this $3 billion support would arrive this week. During his meetings in Washington, the minister emphasized that shifting the $5 billion deposit to a three-year term provides much-needed predictability for the national economy.
This strategic move by Saudi Arabia comes at a critical time. Pakistan is currently managing a $3.5 billion repayment to the UAE and working closely with the IMF. By securing these funds, the State Bank of Pakistan maintains a stronger position to meet its international obligations while fostering long-term fiscal stability.
source https://enews.hamariweb.com/business/saudi-arabia-deposits-final-1-billion-to-sbp-total-3-billion-support-package-confirmed/
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