Pakistan secures $3 billion Saudi support to boost reserves

Pakistan said it has secured $3 billion in financial support from Saudi Arabia, helping strengthen its foreign exchange reserves amid mounting external financing pressures.

Pakistan’s finance ministry, citing Finance Minister Muhammad Aurangzeb, said the funds are expected to be disbursed within days and will help offset a major repayment obligation to the United Arab Emirates.

Saudi Arabia has also extended an existing $5 billion deposit, removing previous rollover conditions...