Saudi Arabia Deposits $2 Billion in State Bank of Pakistan

Saudi Arabia Deposits $2 Billion in State Bank of Pakistan

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The State Bank of Pakistan (SBP) has confirmed receiving $2 billion from Saudi Arabia’s Ministry of Finance, with the amount credited on April 15, 2026.

In a statement issued on Wednesday, the central bank said the funds have been added to its foreign exchange reserves, providing immediate support as Pakistan continues to manage external financing needs and upcoming debt obligations.

The country remains reliant on financial assistance from allied nations to maintain reserve levels under ongoing economic stabilization efforts. Saudi Arabia has consistently supported Pakistan through deposits, oil financing facilities, and rollover agreements in recent years.

Such financial backing has been crucial in helping Pakistan navigate multiple economic challenges since 2018, with earlier Saudi deposits often extended instead of being withdrawn to help sustain reserve requirements tied to international lending programs.

The latest inflow is expected to offset the recent withdrawal of a $2 billion long-term deposit by the United Arab Emirates, helping stabilize the country’s reserve position.

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Syed Sadat Hussain Shah

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