Pakistan has sought an extension of its $1.2 billion Saudi oil financing facility after fully utilizing the arrangement between May 2025 and April 2026, according to sources familiar with the matter, although Riyadh has yet to confirm whether it will continue the support. The facility, provided by the Saudi Fund for Development, delivered $100 million per month over a 12-month period and helped Pakistan manage its external financing needs during the fiscal year.

The facility, provided by the Saudi Fund for Development, delivered $100 million per month over a 12-month period and helped Pakistan manage its external financing needs during the fiscal year.

Federal Minister for Economic Affairs Ahad Cheema said the final tranche under the facility was availed in April 2026, completing the full $1.2 billion drawdown.

The oil support came alongside broader financial backing from Saudi Arabia, which placed an additional $3 billion with Pakistan in April 2026, taking its total deposits with the State Bank of Pakistan to $8 billion, the sources said.

The inflows contributed to a sharp rise in Pakistan’s external financing in April. Official data from the Economic Affairs Division showed the country secured $4.47 billion during the month through multilateral and bilateral inflows, deposits, Eurobond issuance, and commercial loans, compared with just $0.57 million in the same month a year earlier.

During the first 10 months of the current fiscal year, from July through April, Pakistan received total foreign loans of $11.06 billion, up from $6.08 billion in the corresponding period last year.

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