Saudi Arabia Supports Pakistan with $6 Billion in Oil and Deposits

Pakistan’s economy has gained significant relief as Saudi Arabia agreed to provide a total of $6 billion in financial assistance — including a $1 billion oil facility and $5 billion in deposits with the State Bank of Pakistan (SBP). The Finance Ministry confirmed that the oil facility will help Pakistan meet its import requirements without immediate payment pressure. In the first three months of this fiscal year, oil worth $300 million has already been supplied, with an average of $100 million per month. Meanwhile, Riyadh has rolled over $5 billion in deposits to support Pakistan’s foreign exchange reserves. Of this, $2 billion will mature in December 2025, and $3 billion in June 2026, at an interest rate of 4% per year. Officials said the Saudi support will boost investor confidence and help Islamabad sustain ongoing economic stabilization efforts. This renewed backing highlights Saudi Arabia’s strategic partnership with Pakistan, reinforcing cooperation in energy, trade, and fiscal resilience.