Speaking to the media at Parliament House in Islamabad on November 4, 2026, Aurangzeb said the matter concerning the Saudi loan had been deferred for an appropriate period. He also expressed confidence in Pakistan’s relationship with Saudi Arabia and said there was no reason for concern.
The finance minister revealed that he had held a positive meeting with his Saudi counterpart. He said the two countries enjoyed strong relations and that Pakistan did not currently need additional financial assistance from Saudi Arabia.
Pakistan Has Three Months of Import Cover
Aurangzeb also shared an update on Pakistan’s foreign exchange position, saying the country currently has enough reserves to cover around three months of imports.
Import cover is an important indicator of a country’s ability to pay for goods and services purchased from abroad. Maintaining sufficient foreign exchange reserves helps Pakistan manage external payment obligations and support economic stability.
The finance minister’s statement suggests that the government is focusing on managing its existing financial commitments while maintaining support from international partners.
Pakistan Preparing for Eurobond Payments
Aurangzeb also discussed Pakistan’s upcoming Eurobond repayment obligations. He said the country has to make payments of approximately 1.5 billion euros every year.
According to the finance minister, the government wants to ensure that these payments are managed smoothly so that future administrations do not face financial difficulties.
Meeting international debt obligations on time remains important for Pakistan’s financial credibility and its relationship with global lenders and investors.
IMF Executive Board Meeting Expected in December
The finance minister also provided an update on Pakistan’s discussions with the International Monetary Fund (IMF). He said the IMF Executive Board meeting could take place in December 2026, although an official date has not yet been confirmed.
The meeting is important for Pakistan as the country continues its engagement with the IMF under its ongoing financial programme.
The rollover of the $3 billion Saudi loan, the country’s reported three-month import cover and preparations for Eurobond repayments are key developments for Pakistan’s external financing position. However, the government’s ability to manage upcoming debt payments and maintain foreign exchange reserves will remain important in the coming months.
