ISLAMABAD: Pakistan is expected to receive $5 billion in financial assistance from Saudi Arabia and Qatar, providing critical support to its fragile external position.
In this regard, the anticipated inflows come at a crucial time for Pakistan, which faces mounting pressure on its foreign exchange reserves and is preparing to repay $3.5 billion to the United Arab Emirates by the end of the current month.
So far, Aurangzeb is scheduled to participate in the IMF-World Bank Spring Meetings 2026, taking place in Washington, DC, from April 13 to 18.
In this sense, Aurangzeb met with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan in Islamabad. The Saudi minister also called on Prime Minister Shehbaz Sharif, confirming Riyadh’s continued support for Pakistan’s economy.
Meanwhile, the support package from Saudi Arabia and Qatar is expected to help Pakistan meet its external financing needs through the end of the current fiscal year. Islamabad has also sought expansion of existing financial facilities, including oil financing arrangements.
Saudi Arabia remains a key financial partner, having rolled over deposits amounting to $5 billion in recent years. In addition, under IMF requirements, major bilateral partners including Saudi Arabia, China, and the UAE are expected to maintain their deposits during Pakistan’s ongoing economic programme.
Separately, Pakistan’s growing role in promoting regional stability is being viewed as an important factor in its economic engagements. Officials believe the country’s diplomatic efforts could translate into “peace dividends,” potentially encouraging a more flexible approach from global lenders.
During his visit, Mr Aurangzeb is expected to hold over 50 high-level meetings with global financial leaders, investors, and development partners. These engagements aim to highlight Pakistan’s reform progress, economic outlook, and investment potential, while reinforcing its position in the global financial system.
