Cash-strapped Pakistan is set to receive $5 billion in financial support from Saudi Arabia and Qatar, giving it relief as pressure builds on its external position, a media report said on Sunday.
The expected inflows come at a crucial time, as Islamabad prepares to repay $3.5 billion to the United Arab Emirates (UAE) this month while facing strain on its foreign exchange reserves, Dawn reported. The amount had been rolled over since 2018. The repayment is significant because it makes up nearly 18% of the country’s reserves, raising concerns about a sharp drawdown unless fresh inflows arrive on time.
