KARACHI: Pakistan on Tuesday secured USD 1 billion from Saudi Arabia, marking the second tranche of a recently agreed USD3 billion deposit and reinforcing the country’s external account position.
The latest inflow, credited on April 20, 2026 into the State Bank of Pakistan’s account follows an earlier USD2 billion tranche received on April 15, underscoring continued financial support from Riyadh at a time of ongoing economic stabilization efforts.
Saudi Arabia stepped in to support Pakistan at a critical juncture, when the country was facing nearly USD5 billion in external debt repayments and mounting pressure on its external account, with foreign exchange reserves at risk of falling below lender-mandated thresholds.
READ MORE: Pakistan, Saudi Arabia sign USD3bn deposit extension deal
In response, Prime Minister Shehbaz Sharif and his economic team intensified efforts to secure fresh inflows to shore up the country’s depleting reserves.
Following the receipt of USD 2 billion from Saudi Arabia on April 15, Pakistan was able to comfortably repay USD 2 billion to the United Arab Emirates (UAE) on April 17.
The remaining USD 1 billion is scheduled to be repaid to UAE on April 23, completing the committed amount owed to the friendly country on Tuesday.
In addition, Pakistan has already paid USD 1.4 billion of Eurobond on maturity earlier this month. While, an amount of USD 750 million was also raised against the issuance of fresh Eurobond on Friday.
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