Saudi Arabia pledges $3 billion fresh deposit, extends $5 billion facility through 2028
AI summarySaudi Arabia has pledged an additional $3 billion in deposits to Pakistan and extended an existing $5 billion facility for three more years, providing a critical buffer as Islamabad prepares to repay a $3.5 billion loan to the UAE. The funds, announced during the IMF-World Bank Spring Meetings, are expected to shore up Pakistan's foreign exchange reserves, though analysts warn of persistent external financing risks.