Pakistan Requests $5 Billion Saudi Deposit & $5 Billion Oil Facility as Islamabad seeks long-term financial support and energy stability. The government has asked Riyadh to convert existing short-term deposits into a decade-long arrangement. At the same time, Pakistan requested an expanded Saudi oil facility for Pakistan, allowing deferred payments to manage energy import costs.
Pakistan faces growing economic pressures in 2026 due to rising external debt and geopolitical tensions in the Middle East. The State Bank of Pakistan holds $5 billion in short-term deposits, which Islamabad wants converted into a long-term financial deposit at better rates. This move is expected to improve Pakistan’s foreign exchange reserves and reduce reliance on costly external borrowing.
Alongside the deposit request, Pakistan seeks to increase its oil financing from $1.2 billion to $5 billion on a deferred payment basis. This deferred oil payment facility will help lower fuel import costs and ease inflation. Pakistan also plans to securitize up to $10 billion in remittances from its overseas diaspora. These measures aim to strengthen reserves and support the Export-Import Bank of Pakistan in its support for export-led growth.
The government is also asking Saudi Arabia for guarantees on potential Pakistan Sukuk issuance, giving access to global capital markets at lower interest rates. Investment through the Saudi Public Investment Fund is being explored to boost infrastructure and energy projects. These steps align with Pakistan’s IMF reform program and fiscal reforms targeting sustainable economic stabilization.
In conclusion, Pakistan’s request for a $5 billion Saudi deposit and $5 billion oil facility reflects strategic planning. It strengthens the Pakistan-Saudi financial partnership, supports energy security, and stabilizes the economy amid the 2026 crisis.
