Saudi Crown Prince Mohammed bin Salman has announced a 3 billion dollar deposit for Pakistan, marking a significant boost to the country’s foreign exchange reserves and reinforcing strong bilateral ties between the two nations.

According to reports from a reputable national newspaper, the Saudi leadership recently sent its finance minister to Pakistan, who assured the Pakistani leadership that the Kingdom would cover a major foreign exchange gap created after the withdrawal of nearly 3 billion dollars by another Gulf country. As part of this support, Saudi Arabia will place an equivalent deposit in the State Bank of Pakistan to help stabilize national reserves.

Officials have described the move as “exceptional and strategic,” highlighting the deep level of trust and cooperation between Riyadh and Islamabad. The development comes at a time when Pakistan continues to manage external financial pressures and seeks stability in its foreign reserves.

It is also worth noting that the State Bank of Pakistan already holds approximately 5 billion dollars in deposits from Saudi Arabia, reflecting long-standing financial support between the two allies. Senior civil and military leadership in Pakistan has expressed gratitude to the Saudi crown prince for what they called timely and crucial assistance.

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Meanwhile, reports suggest that Prime Minister Shehbaz Sharif is expected to visit Saudi Arabia soon, where he will personally thank the crown prince and discuss broader regional developments. These include ongoing diplomatic efforts involving the United States, Iran, and recent talks held in Islamabad.

Analysts believe that continued Saudi financial backing, combined with Pakistan’s diplomatic engagement in regional issues, could play an important role in promoting economic stability and strengthening geopolitical cooperation in the region.