The State Bank of Pakistan (SBP) has confirmed that it had received funds of $1 billion from the Ministry of Finance, Kingdom of Saudi Arabia, reported 24NewsHD TV channel.
In a post on X handle Tuesday morning, the State Bank said “This is the second tranche of the $3 billion deposit recently agreed by the Kingdom of Saudi Arabia.”
The SBP added the first tranche of $2 billion was received on 15th April 2026.
Last week, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb had informed that Saudi Arabia had committed $3 billion in additional deposits, with disbursement expected soon.
The minister further stated that the existing $5 billion Saudi deposit would no longer remain subject to the earlier annual rollover arrangement and would instead be extended for three years.
The extra funding for Pakistan comes on top of Riyadh extending the rollover arrangement for an additional $5 billion deposit for a longer period, Aurangzeb told reporters in Washington.
“We can confirm that Saudi Arabia has agreed to a $3 billion deposit with Pakistan to support their balance of payments,” a Saudi Ministry of Finance spokesman said.
Reporter Ashraf Khan