Saudi Arabia has assured strong financial support to Pakistan as the country faces economic pressure linked to the ongoing Middle East conflict and rising external challenges.
The commitment was made during a meeting between Prime Minister Shehbaz Sharif and Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan in Islamabad. The discussions focused on strengthening financial cooperation and supporting Pakistan’s economic stability.
Pakistan has requested around $5 billion in new loans along with an extension of its existing oil financing facility. These steps are aimed at helping the country manage external payment pressures and maintain economic balance.
Officials said Pakistan is currently facing nearly $5 billion in debt repayments in the near future, along with rising import costs. They warned that foreign exchange reserves could come under pressure if fresh financial inflows are not secured in time.
During the talks, both sides also discussed ways to increase trade, attract investment, and improve long-term economic cooperation. The focus was on building a stronger and more sustainable economic partnership between the two countries.
Saudi Arabia’s continued support is seen as important for Pakistan’s financial stability, especially at a time when global economic uncertainty is affecting many developing countries.
Authorities believe that improved cooperation in investment and energy sectors could further strengthen economic ties in the future. The meeting highlighted the long-standing relationship between the two countries and their shared interest in regional stability and economic growth.
The discussions are expected to continue as both sides work on finalizing financial arrangements and future cooperation plans.
