Saudi Arabia to place $3 billion deposit in Pakistan amid reserves support

Saudi Crown Prince Mohammed bin Salman has reportedly conveyed a strong message of financial support for Pakistan, announcing a $3 billion deposit aimed at strengthening the country’s foreign exchange reserves, according to informed sources.

The development comes at a time when Pakistan is facing pressure on its external accounts following the withdrawal of funds by a friendly Gulf country, which had earlier contributed to stabilising reserves. Sources said the Saudi leadership moved quickly to reassure Islamabad that it would not be left vulnerable to any sudden financing gap.

According to officials, the Saudi finance minister recently visited Pakistan on a short and special trip, during which he delivered the Crown Prince’s message of confidence and continued support for Pakistan’s economic stability. The visit was described as a gesture aimed at reinforcing strategic trust between the two countries.

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Under the reported arrangement, Saudi Arabia will place approximately $3 billion as a deposit with the State Bank of Pakistan, helping maintain foreign exchange reserves at a stable level. Pakistan already holds several billion dollars in deposits from Saudi Arabia, reflecting long-standing financial cooperation between the two nations.

Government officials have welcomed the development, calling it an “extraordinary step” that highlights the depth of bilateral relations and Saudi Arabia’s commitment to Pakistan’s economic resilience. The support is also seen as crucial in maintaining investor confidence amid global financial uncertainty.

Sources added that Prime Minister Shehbaz Sharif is expected to visit Saudi Arabia soon, where he will meet the Crown Prince to personally express gratitude for the timely assistance. The visit is also expected to include discussions on regional diplomacy, including Pakistan’s mediation efforts between Iran and the United States.

Analysts say the financial backing, combined with Pakistan’s diplomatic initiatives, could help improve regional stability and strengthen Pakistan’s external financial position in the coming months.