Pakistan’s central bank has announced that it has received $2 billion from Saudi Arabia’s finance ministry.
This amount is part of a larger financial support package aimed at helping Pakistan manage its economic situation and strengthen its foreign exchange reserves.
Earlier, Finance Minister Muhammad Aurangzeb shared that Saudi Arabia has also promised an additional $3 billion deposit. In addition, the Kingdom has agreed to extend an existing $5 billion deposit for a period of three years.
Previously, this amount was rolled over every year, but the new arrangement provides more stability and long-term support to Pakistan’s economy.
This financial assistance is especially important at a time when Pakistan is facing repayment pressure. The country is required to repay around $3.5 billion to the United Arab Emirates, which has created stress on its foreign reserves. Currently, Pakistan’s reserves are estimated to be around $16.4 billion, making external support crucial to maintain economic balance.
Saudi Arabia has a long history of supporting Pakistan during difficult economic times. In 2018, the Kingdom provided a $6 billion assistance package that included cash deposits and deferred oil payment facilities. These measures helped Pakistan stabilize its economy during that period.
