&imwidth=800&imheight=600&format=webp&quality=medium "Saudi Arabia commits $3bn new deposit to Pakistan as Islamabad faces $3.5bn repayment to UAE")
Pakistan Foreign Ministry on Wednesday (Apr 15) announced that Saudi Arabia has agreed to $3 billion in fresh deposits, with disbursement expected in the coming week. The nation has also agreed to restructure an existing $5 billion facility on more favourable terms, announced Pakistan's Finance Minister Muhammad Aurangzeb. The announcement came on the sidelines of the IMF-World Bank Spring Meetings in Washington, following talks between Aurangzeb and Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan. The two had met previously in Islamabad last Friday, though Pakistani authorities deliberately held back from making any public statement until both sides had reached a formal agreement. This comes as Islamabad navigates a demanding external repayment schedule.
Also read | 'Be careful...': Pope has a doctorate in theology, but JD Vance just told him he’s wrong about God
Saudi commits to $3 billion in additional deposits to Pakistan
"Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has informed that the Kingdom of Saudi Arabia has committed USD 3 billion in additional deposits, with disbursement expected in the coming week," announced Pakistan's Ministry of Finance on X.
"The existing USD 5 billion Saudi deposit would no longer remain subject to the earlier annual rollover arrangement and would instead be extended for a longer period," added the post.
The more consequential of the two developments may be the restructuring of the existing $5 billion deposit. Previously, that facility was subject to annual rollovers, a cycle that created recurring uncertainty for Pakistan's foreign exchange position and was entangled with IMF conditionalities. Under the new arrangement, the deposit will be extended for a longer, unspecified term, removing that source of annual market anxiety.
Trending Stories
)
The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
)
No connection between Jantar Mantar protesters and Pakistan-based ISI terror module, Punjab Police clarify
)
'Massive attack coming... wait, never mind': Iran mocks US 'theatre diplomacy,' rejects Trump's claim of Hormuz progress
)
'Devil Wears Prada 2' wardrobe joins Hollywood history
)
Major relief for TN CM Vijay as wife Sangeetha withdraws infidelity and divorce petition
)
France offers deal for 114 Rafale fighter jets, with 94 to be made in India
)
Ukrainian astronomers see gargantuan objects dashing at 39,600 kmph on the Moon - 'They can reach Earth in 20 minutes'
)
Drug-resistant fungus that hides in hair and enters bloodstream reported in 23 US states
)
India avoids higher US tariff, secures lower 10% rate. Here's how
)
Explained | Can India reach WTC final with a series win in Sri Lanka?
)
Primetime trailer: Robert Pattinson channels Chris Hansen in A24's dark crime thriller
)
Zendaya and Tom Holland celebrate their marriage with private reception in England
)
Lightning bolt strikes football field in Thailand, killing a player during a match
)
Vishal Bhardwaj to develop film on Tarun Tejpal case after latest court verdict: Report
&im=FitAndFill=(700,400))
Can an S-400 operate in the desert?
)
Thailand teen killed grandparents before shooting teachers at school – What we know about suspect
)
Squid Game: Netflix shelves David Fincher's long-awaited American spin-off; Here's why
&im=FitAndFill=(700,400))
New Friday OTT releases (August 7, 2026): Operation Safed Sagar, Vadhandhi, Main Vaapis Aaunga- 6 movies and TV shows on Netflix, Prime Video and more
)
The Paradise teaser: Nani's intense avatar and stunning visuals impress fans; new release date announced
)
The genetic roots of Tamils: 75,000 DNA markers decoded in latest study of Sangam-era settlement
)
NZ female politician joins meeting from bathroom with underwear hanging - 'You can see my washing, you can see me'
)
‘We are ready to talk’: Jharkhand CM Hemant Soren reaches out to protesting students
)
Squadron Leader Bhawana Kanth scripts history as Indian Air Force gets its first woman ‘Top Gun’ pilot
)
Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
)
Bluefly: Priyanka Chopra joins Russell Crowe for new sci-fi action thriller
)
'Dhoni Made Fleming Great': Panesar says ECB made the wrong choice for England Test coach
&im=FitAndFill=(700,400))
Why the Su-30MKI doesn't need external fuel tanks to fly vast distances
)
Born in the USA? Trump targets 'birth tourism' with new birthright citizenship executive order
)
Michael 2 plans revealed: Makers to start filming soon with THIS release window
)
OpenAI reportedly building donut-shaped ChatGPT smart speaker for homes
)
‘Certain munitions are unlimited, others...’: Did Trump admit some US weapons supplies were limited?
)
Will ordinary Indian users have to pay for UPI? Nirmala Sitharaman breaks silence on Congress' MDR fee claim
)
At least 4 killed 15 injured in shooting at school near Bangkok
)
US may force more visa applicants to make social media accounts public under Trump's new plan
Pakistan's financial woes
Pakistan faces a $3.5 billion repayment to the UAE by the end of April. Reports indicate the UAE had been pressing for immediate settlement, while Saudi Arabia and Qatar have together assembled a combined $5 billion buffer to absorb the impact on Pakistan's reserves, which currently stand at roughly $16.4 billion. The government has set a target of reaching approximately $18 billion in reserves, equivalent to around 3.3 months of import cover, by the end of the fiscal year.
Aurangzeb also noted that Pakistan had successfully repaid a $1.4 billion Eurobond last week, describing it as a "non-event".
