Saudi Arabia and Qatar have assured Pakistan of approximately $5 billion in financial support. The assistance is expected to help Islamabad manage pressure on its foreign-exchange reserves and meet upcoming external debt obligations.
According to a report by Anadolu Agency, the anticipated inflows come at a critical time for Pakistan’s economy. The country is scheduled to repay around $3.5 billion to the United Arab Emirates by the end of April. The repayment follows a request from Abu Dhabi to settle outstanding liabilities.
The financial support was discussed during high-level meetings in Islamabad. Pakistan’s Prime Minister Shehbaz Sharif met with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan. Both sides reviewed economic cooperation and regional developments amid heightened tensions in the Middle East.
The discussions were attended by Deputy Prime Minister and Foreign Minister Ishaq Dar and Chief of Army Staff Asim Munir. Their participation highlighted the importance of strengthening Pakistan’s economic and strategic ties with Saudi Arabia.
During the talks, Islamabad requested additional assistance from Saudi Arabia. This includes an extension of the existing oil financing facility and an expansion of Saudi cash deposits held with Pakistan’s central bank. Although no formal agreements were signed, discussions between the finance ministries of both countries have been ongoing for several weeks.
The expected support from Saudi Arabia and Qatar is likely to stabilize Pakistan’s financial position. The country’s foreign-exchange reserves currently stand at approximately $16.4 billion. These inflows will help maintain external payment capacity through June, especially as higher import costs and regional uncertainties affect the balance of payments.
Officials are also engaging with international partners ahead of upcoming financial meetings in Washington. These efforts aim to secure additional funding and reduce external financing risks.
The continued cooperation between Pakistan and Saudi Arabia underscores strong bilateral ties. It also reflects confidence in Pakistan’s economic reform agenda. Analysts believe the anticipated support will strengthen financial stability and provide much-needed relief to the economy.
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Overall, the assistance from Saudi Arabia represents a significant step toward ensuring Pakistan’s economic resilience during a challenging fiscal period.
