SBP has completed the repayment of $3.45 billion in deposits to the United Arab Emirates, marking a key financial development for Pakistan. The State Bank of Pakistan confirmed that the final installment of $1 billion was returned to the Abu Dhabi Fund for Development (ADFD) on 23 April 2026.
According to an official update, the latest payment follows the earlier return of $2.45 billion made just days before. With this transaction, the SBP has fully settled all outstanding deposits owed to the UAE. Officials described the move as part of Pakistan’s ongoing efforts to meet its external financial commitments.
The repayment comes at a time when Pakistan is managing pressure on its foreign exchange reserves. Despite these challenges, the SBP has maintained its repayment schedule. Analysts say this reflects a commitment to financial discipline and international credibility.
At the same time, Pakistan has received fresh financial support from Saudi Arabia. Earlier this month, the SBP confirmed the receipt of $1 billion from the Saudi Ministry of Finance. This amount is part of a broader $3 billion deposit agreement recently finalized between the two countries.
The first tranche of $2 billion had already been received on 15 April 2026. The second tranche followed shortly after, strengthening Pakistan’s external account position. Officials noted that this support is crucial for maintaining economic stability.
In addition, Saudi Arabia has agreed to extend its existing $5 billion deposit for a longer duration. This move reduces the need for frequent renewals and provides more financial certainty. Authorities believe this will help ease short-term funding pressures.
Finance Minister Muhammad Aurangzeb shared details of this development during his visit to Washington for the IMF–World Bank Spring Meetings. He described the support package as timely and important for Pakistan’s economic outlook.
Experts believe that the combination of repayments and fresh inflows shows a balanced financial strategy. While the SBP continues to honor its obligations, new funding helps stabilize reserves and support the economy.
In other news, read more about: US Dollar Deposits Surge to Rs. 87 Billion in Pakistan During FY26
Overall, the completion of the $3.45 billion repayment by the SBP highlights Pakistan’s effort to manage its financial responsibilities while securing necessary external support.
