The State Bank of Pakistan (SBP) has received $1 billion from the Ministry of Finance of the Kingdom of Saudi Arabia, marking the second tranche of a $3 billion deposit agreed recently, the central bank said on Tuesday. According to the statement issued by the central bank, the second tranche was received with a value date of April 20, 2026. The first tranche of $2 billion had already been received on April 15, 2026, bringing the total inflows under the arrangement to $3 billion. 

The development comes days after Prime Minister Shehbaz Sharif’s visit to Saudi Arabia, where he engaged in diplomatic efforts aimed at promoting regional peace. During his visit, the premier met Crown Prince Mohammed bin Salman in Jeddah and expressed appreciation for the Kingdom’s continued support for Pakistan’s economic stability. He also conveyed solidarity with Saudi Arabia in light of recent regional developments. 

Credit: Independent News Pakistan (INP)