Washington, D.C.: Saudi Arabia has pledged an additional $3 billion in financial support to Pakistan, with the funds expected to be disbursed in the coming week. The Kingdom has also agreed to extend an existing $5 billion deposit for a longer period, according to Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.

According to Press Information Department, the announcement was made by the Finance Minister during a media briefing in Washington, D.C., on the sidelines of the World Bank-IMF Spring Meetings 2026. The financial support is aimed at addressing Pakistan’s external financing needs and reinforcing its foreign exchange reserves.

Senator Aurangzeb emphasized the importance of this support in maintaining Pakistan’s external financial obligations and aligning with the objectives of the IMF-supported program. The Finance Minister highlighted Pakistan’s recent repayment of a $1.4 billion Eurobond and reiterated the government’s commitment to fulfilling external obligations on time.

The announcement followed meetings between Pakistani officials and Saudi Finance Minister H.E. Mohammed bin Abdullah Al-Jadaan, where they discussed financial cooperation. The Finance Minister expressed gratitude to Saudi leadership, acknowledging their support and cooperation in finalizing the financial package.

Senator Aurangzeb also noted the international recognition Pakistan is receiving for its diplomatic efforts and the positive momentum provided by Saudi Arabia’s financial support. He outlined Pakistan’s plans to diversify funding sources through initiatives like the Global Medium-Term Note program and Panda Bond issuance.

The Finance Minister reaffirmed the government’s commitment to macroeconomic stability, external obligations, and continued engagement with international partners, with a more detailed media interaction planned at the end of the visit.