Saudi Arabia has sent a strong message of financial support to Pakistan by confirming a $3 billion deposit aimed at stabilizing the country’s foreign exchange reserves. This move comes at a crucial time when Pakistan is facing pressure due to the withdrawal of funds by another Gulf country. Saudi Arabia supports Pakistan economy efforts by stepping in to fill the gap and maintain confidence in the financial system.
According to official sources, Saudi Crown Prince Mohammed bin Salman instructed a special delegation, including the Saudi finance minister, to visit Pakistan. The purpose of this visit was to assure the Pakistani leadership that Saudi Arabia will fully support Pakistan economy and help cover the shortfall created by the recent outflow of more than $3 billion from Pakistan’s reserves.
A senior official confirmed that the main goal of this diplomatic engagement was to reassure Islamabad that Saudi Arabia supports Pakistan economy stability and will place an equivalent amount as a deposit with the State Bank of Pakistan. This step is expected to prevent any major pressure on the country’s foreign exchange reserves.
The development has been described by officials as an extraordinary gesture, reflecting deep strategic trust and long-standing relations between the two countries. Saudi Arabia already holds around $5 billion in deposits with the State Bank of Pakistan, and this additional support further strengthens the financial partnership.
Government sources say that both civil and military leadership in Pakistan have expressed gratitude for the timely assistance. The move has been widely seen as a strong signal that Saudi Arabia supports Pakistan economy during critical financial moments.
Prime Minister Shehbaz Sharif is also expected to visit Saudi Arabia soon. During the visit, he will meet Crown Prince Mohammed bin Salman to personally thank him for the financial support and discuss broader economic cooperation.
The Prime Minister will also brief the Saudi leadership on Pakistan’s diplomatic efforts, including its role in facilitating talks between the United States and Iran. Pakistan is actively working to bring both sides back to the negotiation table in an effort to reduce regional tensions.
Officials believe that Saudi financial backing combined with Pakistan’s diplomatic efforts could play an important role in promoting regional stability and economic confidence in the coming months.