Saudi Arabia has increased its financial support for Pakistan by extending an existing $5 billion deposit at the State Bank of Pakistan and adding another $3 billion, according to the Saudi Press Agency (SPA) on Thursday.
The move shows strong ties and continued cooperation between the two countries, following directions from King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman.
Saudi Arabia to provide $8 Billion
This support is aimed at helping stabilise Pakistan’s economy and strengthening its resilience amid global economic challenges.
Saudi officials said the assistance reflects their commitment to deepening brotherly relations with Pakistan and supporting its economic growth, which is expected to improve living conditions for the people, SPA reported.
State Bank of Pakistan receives $2 billion from Saudi
The State Bank of Pakistan has received a fund transfer of $2 billion from the Ministry of Finance of the Kingdom of Saudi Arabia.
The transaction was executed with a value date of April 15, 2026, and the central bank confirmed in a post on the social media platform X.
Earlier, it was reported that Saudi Arabia and Qatar would provide Pakistan $5 billion in financial assistance to Pakistan.
PM Muhammad Shehbaz Sharif is meeting with the Crown Prince of Saudi Arabia, Prince Muhammad bin Salman bin Abdulaziz Al Saud, in Jeddah.
The Prime Minister is accompanied by Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar.
PM Shehbaz Sharif arrives in Saudi Arabia
PM Shehbaz Sharif landed in Saudi Arabia on Wednesday as part of the initial segment of his three-nation tour, which is taking place amid ongoing active negotiations aimed at achieving peace in the Middle East.
