Saudi Arabia and Qatar pledge $5 billion support to Pakistan: Turkish media

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A Turkish news agency has claimed that Saudi Arabia and Qatar will provide Pakistan with $5 billion in financial assistance following the repayment of funds to the United Arab Emirates (UAE).

According to Turkish media, Saudi Finance Minister recently met Prime Minister Shehbaz Sharif and assured continued financial support amid rising external pressures and increased expenditures due to tensions in the Middle East.

During the meeting, Pakistan reportedly requested additional assistance, including an increase in existing cash deposits and an extension of the oil financing facility, which is set to expire later this month.

Sources say senior officials, including Foreign Minister Ishaq Dar and Army Chief Asim Munir, attended the meeting, focusing on economic cooperation and regional developments.

Pakistan is expected to repay $3.5 billion to the UAE by the end of April, while its foreign exchange reserves currently stand at around $16.4 billion.

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