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Pakistan Seeks Long-Term $10B Economic Support from Saudi Arabia
Pakistan submits eight key economic requests to Saudi Arabia, including converting $5B reserves into a 10-year facility, expanding oil credit, and securitizing $10B of overseas Pakistani funds amid growing economic challenges.
ND
by News Desk
2026-03-09
Pakistan Seeks Long-Term $10B Economic Support from Saudi Arabia

Pakistan has submitted eight significant requests to the government of Saudi Arabia as part of efforts to strengthen long-term economic cooperation, officials confirmed to The News.

Among the requests, Pakistan has proposed converting the existing $5 billion in Saudi reserves into a 10-year long-term facility. Additionally, the government is seeking to increase the deferred oil payment facility from $1.2 billion to $5 billion and extend its tenor. Other proposals include the securitization of overseas Pakistanis’ funds worth $10 billion and multiple measures aimed at enhancing financial stability.

Top government sources highlighted that Pakistan’s economic difficulties are intensifying due to geopolitical tensions arising from the ongoing US-Israel-led conflict with Iran, which has contributed to global energy price volatility and heightened economic uncertainty.

The country is also engaged in discussions with the International Monetary Fund (IMF) to complete the third review under the $7 billion Extended Fund Facility (EFF). Concurrently, negotiations with Saudi Arabia are focused on a comprehensive economic cooperation package, reflecting Pakistan’s strategy to secure external support amid mounting fiscal pressures.

Officials stressed that these measures are designed to provide long-term stability and liquidity to Pakistan’s economy while mitigating the impact of external shocks, including rising oil prices and regional instability.

The government’s approach underscores its efforts to diversify sources of financing and strengthen bilateral economic ties with key partners like Saudi Arabia, which has historically played a pivotal role in supporting Pakistan during periods of economic stress.
Tagged:

PakistanEconomy

SaudiArabia

PakistanSaudiRelations

EconomicSupport
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