Overview
- The State Bank of Pakistan, which recorded a $2 billion transfer with a value date of April 15, said the funds came from Saudi Arabia’s finance ministry.
- Saudi officials announced a further $3 billion deposit and a longer maturity for an existing $5 billion placement, and the SBP said $1 billion of the new pledge is still due.
- Following Thursday’s inflow, a Friday agreement between the Saudi Fund for Development and the SBP extended the maturity of a separate $3 billion deposit, signed by SFD CEO Sultan Al‑Marshad and SBP Governor Jameel Ahmad with Finance Minister Muhammad Aurangzeb present.
- Officials said the cash buffers are meant to ease a $3.5 billion repayment to the United Arab Emirates this month and to help Pakistan stay on track toward IMF reserve goals near $18 billion by June.
- Pakistan is pursuing more financing from the IMF and plans to re‑enter global debt markets, while Saudi placements now total about $8 billion at the central bank after the fresh and extended deposits.