Saudi Arabia and Qatar have assured Pakistan of about $5 billion in financial support, helping Islamabad manage pressure on its foreign-exchange reserves as it prepares to meet external debt obligations due later this month, reported Anadolu Agency.
The expected inflows come as Pakistan is scheduled to repay roughly $3.5 billion to the United Arab Emirates by the end of April, following a request from Abu Dhabi for settlement of outstanding liabilities.
The assistance was discussed during meetings in Islamabad between Pakistan’s Prime Minister Shehbaz Sharif and Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan, where both sides reviewed economic cooperation and regional developments amid heightened geopolitical…