The move comes amid concerns over Pakistan’s foreign exchange reserves after another Gulf country reportedly withdrew more than $3 billion. Saudi Arabia’s pledge is expected to offset the shortfall and help maintain reserve levels. Pakistan already holds around $5 billion in Saudi deposits.
According to reports, the Saudi finance minister recently visited Islamabad to assure Pakistani leadership that Riyadh would step in to stabilise the country’s external position if needed. Officials described the development as an “extraordinary measure,” reflecting deep strategic trust and longstanding bilateral ties.
Pakistani civilian and military leadership have expressed strong appreciation for the support, viewing it as a crucial step in maintaining economic stability during a challenging period.
Shehbaz Sharif is expected to visit Saudi Arabia soon, where he will meet the crown prince to formally convey gratitude and discuss further cooperation.
During the visit, the prime minister is also expected to brief Saudi leadership on Pakistan’s diplomatic role in facilitating the second round of US–Iran talks and ongoing efforts to turn the current ceasefire into a more durable and long-term peace arrangement.
