KSA to Support Pakistan with Financial Aid Amid External Debt Pressures
Pakistan’s Finance Minister Muhammad Aurangzeb, who is currently in Washington for discussions with the International Monetary Fund (IMF), said late Tuesday that the funds are expected to be transferred next week, as reported by a Pakistani news agency.
“We have held a detailed meeting with the Saudi finance minister today. He has clearly told (me) that $3 billion will be provided (to Pakistan) as additional deposits,” Aurangzeb was quoted as saying.
The financial support comes as Pakistan prepares to repay a $3.5 billion debt to the United Arab Emirates before the end of the month, placing additional strain on its already fragile external accounts.
Earlier reports had indicated that both Saudi Arabia and Qatar were expected to extend a combined $5 billion in assistance to help Islamabad manage external payments and stabilize its financial position through June.
Officials said the backing from Riyadh reflects ongoing financial cooperation as Pakistan continues to face external economic pressures and rising costs linked to broader regional tensions in the Middle East.
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