Saudi Arabia and Qatar to Pakistan 5 Will provide financial support of billion dollars

Islam Abad (94 news) Saudi Arabia and Qatar to Pakistan 5 Financial support of billion dollars will be provided.

Turkish media reported with reference to Pakistani official sources that Saudi Arabia and Qatar as a whole Pakistan 5 Financial assistance of billion dollars has been assured. The reason behind the financial assistance to Pakistan from Saudi Arabia and Qatar is to reduce the pressure on weak foreign exchange reserves so that external payments can be made easily in the coming months. The development has come at a time when Pakistan is expected to close the United Arab Emirates by the end of April 3 A billion dollar loan has to be paid back.

Saudi Finance Minister Muhammad bin Abdullah Al-Jadaan met with Prime Minister Shahbaz Sharif in Islamabad in which economic cooperation and the situation in the region were discussed. Foreign Minister Ishaq Dar and Field Marshal Syed Asim Munir and other senior Pakistani officials participated in this important meeting. The focus of the meeting was economic cooperation and the regional situation in the context of recent tensions between Saudi Arabia and the United Arab Emirates.

According to Turkish media, Pakistan also requested more financial facilities, such as increasing cash reserves and extending the oil borrowing facility.

In the current situation, Pakistan's foreign exchange reserves are at risk due to rising import costs and external pressures, so this aid can provide temporary relief.