On April 16, 2026, the State Bank of Pakistan announced the receipt of $2 billion from Saudi Arabia, significantly enhancing the country’s foreign exchange reserves. This financial boost is expected to stabilize Pakistan’s external economic position.
The funds were transferred on April 15, 2026, as confirmed by the central bank’s statement on social media. Prime Minister Shehbaz Sharif, during his diplomatic visit to Saudi Arabia, played a pivotal role in securing this support through discussions with Crown Prince Mohammed bin Salman in Jeddah.
During the meeting, Prime Minister Sharif expressed gratitude for Saudi Arabia’s consistent economic support, emphasizing Pakistan’s solidarity with the Kingdom amidst regional tensions. He also extended condolences for recent regional losses.
Finance Minister Muhammad Aurangzeb announced an additional $3 billion in Saudi financial support, expected next week. This comes alongside a renewed $5 billion deposit arrangement, highlighting the strengthening ties between Riyadh and Islamabad.
Pakistan is under pressure to meet a $3.5 billion repayment to the UAE this month, with current reserves at approximately $16.4 billion. The aim is to surpass $18 billion by June under the IMF program, which has been praised for maintaining macroeconomic stability.
Published in SouthAsianDesk, April 16, 2026
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