Saudi Arabia has once again decided to support Pakistan by offering a $1 billion oil facility during the fiscal year 2025–26 and by extending $5 billion in deposits, the Finance Ministry affirmed on Monday.
According to finance officials, the $1 billion oil facility is equivalent to about Rs290 billion. They added that Saudi Arabia will extend $2 billion in December and another $3 billion in June 2026, ensuring financial stability and providing relief for Pakistan’s economy.
Officials reported that in the first three months of the current fiscal year, Pakistan had already received oil worth over Rs 85 billion, equivalent to $300 million, through Saudi Arabia’s support program.
The Kingdom is currently offering $100 million worth of oil per month, which translates to about Rs 28.37 billion.
Moreover, Saudi Arabia’s $5 billion time deposits, placed at an interest rate of 4%, will continue to be rolled over each year.
These funds, worth around Rs 1,450 billion, were extended as budgetary support to Pakistan.
Economic experts say this move will help Pakistan keep its head above water, ease pressure on foreign reserves, and stabilize the rupee amid ongoing financial challenges.