The State Bank of Pakistan (SBP) shared a statement on its account on the social media platform owned by the U.S.-based company X.
The statement said:
“The State Bank of Pakistan has received $1 billion from the Saudi Ministry of Finance with a value date of April 20, 2026. This is the second tranche of the recently agreed $3 billion facility with Saudi Arabia.”
According to a report by Dawn, Pakistan’s foreign exchange reserves have been under pressure due to rising external payment obligations and increasing import costs.
Pakistan had earlier announced on April 15 that it secured the first tranche of $2 billion from Saudi Arabia.
Prime Minister Shehbaz Sharif discussed the financing transfer with Saudi Crown Prince Mohammed bin Salman in Jeddah on April 14.