Saudi Arabia conveys to International Monetary Fund its commitment to provide financing to Pakistan that is essential to secure IMF funding, says a Pakistani minister
Islamabad was also in talks with UAE to secure an assurance for foreign reserves deposits in the central bank.
Saudi Arabia's $2 billion pledged in external financing support to Pakistan is one of the final conditions for an IMF deal that Islamabad needs to avert a default. The funds are part of a $6.5 billion bailout package the IMF approved in 2019, which analysts say is critical for Pakistan to avert defaulting on external payment obligations.
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