WASHINGTON: Pakistan’s said Saudi Arabia has pledged an additional $3 billion deposit for Pakistan, with funds expected to be released next week.
Speaking to media on the sidelines of the IMF-World Bank Spring Meetings 2026, Aurangzeb said Saudi Arabia’s existing $5 billion deposit would also be extended for a longer term instead of annual rollovers.
He said the support comes at a critical time for Pakistan’s external financing needs. It will help stabilise foreign exchange reserves and strengthen the external account.
Aurangzeb said the government remains committed to maintaining reserves under its programme with the International Monetary Fund. He said Pakistan aims to reach around $18 billion in reserves by the end of the fiscal year, equivalent to about 3.3 months of imports.
He said Pakistan repaid a $1.4 billion Eurobond last week. He added that the government is committed to meeting all external obligations on time.
The minister said he held detailed talks with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan in Washington. He said they also met earlier in Islamabad.
Aurangzeb thanked the Saudi leadership, especially Crown Prince Mohammed bin Salman, for the support. He said the assistance is vital for Pakistan’s economy.
He said global financial institutions, including the World Bank, and investors are recognising Pakistan’s recent diplomatic efforts.
He added that timely Saudi support and growing global confidence will help Pakistan achieve economic and external sector stability.
Aurangzeb said Pakistan is also working to diversify funding sources through initiatives such as a global medium-term note programme and the issuance of panda bonds.
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He reaffirmed the government’s commitment to economic stability, continued reforms, and strong engagement with international partners.
