ISLAMABAD: Saudi Arabia has extended a $3 billion deposit with the State Bank of Pakistan for a \u201creasonable period\u201d, Finance Minister Muhammad Aurangzeb said, without specifying the new maturity date.<\/p>\n\n\n\n
Speaking to reporters at Parliament House, Aurangzeb said he had held a \u201cvery good meeting\u201d with Saudi Finance Minister Mohammed Al-Jadaan and that Pakistan did not need to worry about the duration of the extension.<\/p>\n\n\n\n
He said Pakistan did not currently require additional financial support from Saudi Arabia, adding that the two countries\u2019 strategic relationship<\/a> remained strong.<\/p>\n\n\n\n The minister said Pakistan was working to increase its foreign exchange cover from the current three months of imports to four months by the end of the current fiscal year.<\/p>\n\n\n\n Saudi Arabia has provided financial support to Pakistan for several years. In October 2021, it placed $3 billion with the State Bank to support the country\u2019s foreign exchange reserves. The deposit was extended<\/a> several times, while Riyadh provided a further $2 billion in June 2023, taking the total Saudi deposits to $5 billion.<\/p>\n\n\n\n Saudi Arabia also extended deferred-payment facilities for oil purchases. In April 2026, it announced an additional $3 billion deposit.<\/p>\n\n\n\n Pakistan plans annual eurobond repayments<\/strong><\/p>\n\n\n\n Aurangzeb said Pakistan had to repay about 1.5 billion euros in bonds each year and that the government wanted to ensure repayments did not create difficulties for any future administration.<\/p>\n\n\n\n He said the government had structured a $3 billion eurobond issuance with a five-and-a-half-year tranche to prevent repayments from bunching up in a particular year and to spread the burden into the next fiscal year.<\/p>\n\n\n\n The minister said Pakistan had received an order book of $6 billion for the issuance. If that materialised, it would provide liquidity support; otherwise, the country would continue pursuing access to international markets through further eurobond and panda bond issuances, as well as dollar-settled, rupee-linked bonds.<\/p>\n\n\n\n Aurangzeb said he had met around 80 to 90 institutional investors in Bangkok, adding that investors were looking beyond Pakistan\u2019s current International Monetary Fund programme.<\/p>\n\n\n\n He also said Pakistan was exploring financing opportunities with the US Export-Import Bank and the US International Development Finance Corporation, describing these as financing and credit support for exporters and investors rather than liquidity support for the sovereign.<\/p>\n\n\n\n IMF board visit expected in December<\/strong><\/p>\n\n\n\n Responding to a question, Aurangzeb said the IMF board could visit Pakistan in December, but no date had been finalised.<\/p>\n\n\n\n PAK SOUCH MEDIA GROUP<\/p>\n\n\n\n Daily Pak Souch Newspaper Sukkur \u2013 Daily Pak Special Newspaper Karachi \u2013 Daily Pak Today Newspaper Karachi – Daily Pak Jazbo Newspaper Sukkur<\/p>\n\n\n\n Head Office : Ayub Gate Shaikh Muhalla Near Rabbania Masjid Sukkur<\/p>\n\n\n\n Karachi Office : Office No. 1901-B, 19th Floor Saima Trade Tower (B) Block I.I Chandigarh Road Near Jung Press, Shaheen Complex & National Museum of Pakistan Karachi Sindh Pakistan.<\/p>\n\n\n\n Contact : 03009319022<\/p>\n\n\n\n Website 1 : https:\/\/paksouch.com\/<\/a> ISLAMABAD: Saudi Arabia has extended a $3 billion deposit with the State Bank of Pakistan for a \u201creasonable period\u201d, Finance Minister Muhammad Aurangzeb said, without..<\/p>\n","protected":false},"author":1,"featured_media":19031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-19030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan"],"featured_image_urls":{"full":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/11\/Pak-Souch-Social-Media-Poster-28.png",800,947,false],"thumbnail":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/11\/Pak-Souch-Social-Media-Poster-28-150x150.png",150,150,true],"medium":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/11\/Pak-Souch-Social-Media-Poster-28-253x300.png",253,300,true],"medium_large":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/11\/Pak-Souch-Social-Media-Poster-28-768x909.png",768,909,true],"large":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/11\/Pak-Souch-Social-Media-Poster-28.png",800,947,false],"1536x1536":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/11\/Pak-Souch-Social-Media-Poster-28.png",800,947,false],"2048x2048":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/11\/Pak-Souch-Social-Media-Poster-28.png",800,947,false]},"author_info":{"info":["admin"]},"category_info":"Pakistan<\/a>","tag_info":"Pakistan","comment_count":"0","_links":{"self":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts\/19030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19030"}],"version-history":[{"count":1,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts\/19030\/revisions"}],"predecessor-version":[{"id":19032,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts\/19030\/revisions\/19032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/media\/19031"}],"wp:attachment":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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