Saudi Arabia pledges $3bn fresh deposit, extends $5bn facility through 2028

Saudi Arabia has pledged an additional $3 billion in deposits for Pakistan and has extended its existing $5 billion facility for a further three years, Finance Minister Muhammad Aurangzeb announced in Washington.

Pakistan will reportedly return a $3.5bn loan to the UAE this month, putting pressure on its reserves and risking breaches of its International Monetary Fund (IMF) programme targets.

He added that the existing $5 billion Saudi deposit would no longer be subject to the previous annual rollover arrangement and would instead be extended for a longer term.

The finance minister made the announcement while speaking to media representatives in Washington, D.C., on the sidelines of the World Bank–IMF Spring Meetings 2026, where he shared key details on Saudi financial support for Pakistan and the government’s external financing strategy.

More to follow