Pakistan has secured a $3 billion rollover from Saudi Arabia, Finance Minister Muhammad Aurangzeb confirmed on Wednesday, as hopes of a $10 billion US backstop faded. He was speaking at a meeting of the Senate Standing Committee on Finance at Parliament House.

The $3 billion facility was first provided by Riyadh in April to help cover $3.5 billion in repayments owed to the United Arab Emirates, and it matured on 31 October. Aurangzeb said it had been extended for a "reasonable period" but did not disclose the new duration. A separate $5 billion Saudi facility has already been extended until 2028.

US backstop "not a credit line"

Washington has declined Pakistan's request for a $10 billion Exchange Stabilisation Support Facility, sought in July. Aurangzeb said the request was neither a credit line nor a guarantee but a liquidity support programme, and that the real goal had been regaining access to international markets, which Pakistan achieved with a $3 billion Eurobond issued in September against $6 billion in orders. That Eurobond is a separate item from the $3 billion Saudi rollover and should not be confused with it.

"With or without $10 billion from the USA, we are in a comfortable position with regard to our external accounts," Aurangzeb said. Finance Secretary Imdad Ullah Bosal told the committee gross external financing repayments stood at $21.5 billion, including $17 billion of principal and $4 billion of interest, with $7.3 billion in bilateral rollovers. The IMF Executive Board is due to meet in December to approve a $1.2 billion disbursement.

Sources: The Diplomatic Insight, Pakistan Gets $3bn Saudi Rollover as Hopes for $10bn US Backstop Fade, 5 November 2026; Islamabad Post, Pakistan secures $3bn Saudi deposit rollover, confirms FinMin Aurangzeb, 5 November 2026.