KSA provides a $1B oil facility and $5 billion deposits to Pakistan.

KSA – Pakistan – (Special Correspondent / Web Desk) – Saudi Arabia has promised to offer a $1 billion oil facility this fiscal year and roll over $5 billion in current deposits, boosting Pakistan’s economy significantly, according to the finance ministry.
Saudi Arabia is extending the Rs290 billion oil financing facility as part of its ongoing economic relationship with Pakistan.
According to official statistics, more than Rs85 billion, or $300 million, in oil was delivered in the first three months of the current fiscal year alone.

Saudi Arabia is providing $100 million worth of oil per month, which equals around Rs28.37 billion, according to the documents reviewed by SAMAA. The facility helps Pakistan meet part of its oil import needs without immediate payment pressures.

In addition to the oil support, Saudi Arabia has also rolled over $5 billion in deposits placed with the State Bank of Pakistan (SBP) to strengthen foreign exchange reserves.

Officials confirmed that $2 billion will mature in December 2025, while $3 billion will be due in June 2026. These deposits carry an interest rate of 4% and are renewed annually as part of the kingdom’s financial assistance.

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According to Finance Ministry officials, the Saudi deposits, totaling Rs1,450 billion, are classified as budgetary support loans, which will help Islamabad maintain fiscal stability and investor trust.
Saudi Arabia’s sustained aid underlines its status as a crucial ally in Pakistan’s economic resiliency strategy. Officials said the renewed facility comes at a time when Pakistan is dealing with strict external payment schedules and limited foreign inflows.
“Saudi Arabia’s oil and deposit support is a vital part of our balance-of-payments management,” a senior Finance Ministry official said, adding that the funds relieve import-related stress and stabilize reserve levels.