State Bank of Pakistan – (Web Desk) – Pakistan’s economic outlook continues to brighten as the State Bank of Pakistan (SBP) received a second tranche of US$1 billion from the Ministry of Finance, Kingdom of Saudi Arabia, with a value date of 20 April 2026.
State Bank of Pakistan has received funds of US$ 1 billion from Ministry of Finance, Kingdom of Saudi Arabia in the value date of 20April2026. This is the second tranche of the $3 billion deposit recently agreed by Kingdom of Saudi Arabia. First tranche of $2 billion has already…
— SBP (@StateBank_Pak) April 21, 2026
This latest inflow completes the $3 billion deposit commitment recently agreed by Saudi Arabia. The first tranche of US$2 billion had already landed on 15 April 2026, providing timely relief to Pakistan’s foreign exchange reserves.
A Deal Signed at the Highest Level
On the sidelines of the World Bank-IMF Spring Meetings 2026 in Washington, D.C., Federal Minister for Finance, Senator Muhammad Aurangzeb, witnessed a landmark signing between the Saudi Fund for Development (SFD) and the State Bank of Pakistan.
Finance Minister Witnesses Signing of Saudi Deposit Extension Agreement with State Bank of Pakistan
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, witnessed the signing of an important financial agreement in Washington, D.C., in the presence of the… pic.twitter.com/2BCoaWPhNL
— Ministry of Finance, Government of Pakistan (@Financegovpk) April 17, 2026
The agreement was formally signed by H.E. Sultan bin Abdulrahman Al-Marshad, CEO of SFD, and Mr. Jameel Ahmad, Governor of SBP — extending the maturity of the existing USD 3 billion deposit placed by Saudi Arabia with Pakistan’s central bank.
What This Means for Pakistan
The Pakistan Saudi Arabia deposit SBP 2026 agreement is far more than a financial transaction. It reflects a deep-rooted and long-standing economic partnership between the two countries. More importantly, it sends a strong signal of confidence to international markets at a time when Pakistan is working hard to stabilize its external sector.
With both tranches now fully received, Pakistan’s foreign reserves receive a much-needed boost — strengthening the country’s position to meet external obligations and stay on track with its IMF programme targets.
State Bank of Pakistan has received funds of US$2 billion from Ministry of Finance, Kingdom of Saudi Arabia in the value date of 15April2026.
— SBP (@StateBank_Pak) April 16, 2026
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