Pakistan announced that it had received 2 billion US dollars from the Saudi Ministry of Finance as part of a broader package of financial assistance support.
Citing the Asharq Al-Awsat media on Thursday local time, the financial support received by the Central Bank of Pakistan is to help stabilize the country's economy.
Previously, Pakistan's Finance Minister Muhammad Aurangzeb said that Saudi Arabia had committed to depositing an additional financial assistance package of 3 billion US dollars, while extending existing loans of 5 billion US dollars for three years instead of renewing them every year.
This support comes as Pakistan faces a deadline for repaying a $3.5 billion aid package from the United Arab Emirates (UAE). The deadline is putting pressure on Pakistan's foreign exchange reserves, which stand at around $16.4 billion.
Saudi Arabia has a history of helping Pakistan during economic crises, including a $6 billion support package in 2018 that included deposits and oil payment deferrals.
This time, Saudi Arabia has again poured financial aid funds into Pakistan amid Islamabad's role as a mediator in the US-Iran war.
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