{"id":33292,"date":"2026-04-15T11:59:10","date_gmt":"2026-04-15T08:59:10","guid":{"rendered":"https:\/\/mongolianews.mn\/?p=33292"},"modified":"2026-04-15T11:59:10","modified_gmt":"2026-04-15T08:59:10","slug":"saudi-arabia-pledges-3-billion-in-aid-to-pakistan","status":"publish","type":"post","link":"https:\/\/mongolianews.mn\/?p=33292","title":{"rendered":"Saudi Arabia pledges $3 billion in aid to Pakistan"},"content":{"rendered":"<p>The assistance comes as the South Asian nation faces pressure to repay $3.5 billion to the UAE<\/p>\n<p>            Saudi Arabia has pledged $3 billion in financial aid to Pakistan, the South Asian country\u2019s finance minister has said.<br \/>\nPakistani Finance Minister Muhammad Aurangzeb announced on Tuesday that Saudi Arabia has committed $3 billion in additional deposits, with disbursement expected in the coming week. He is currently in Washington attending the World Bank\u2013IMF Spring Meetings 2026.<br \/>\nPakistani Prime Minister Shehbaz Sharif will head to Saudi Arabia on Wednesday for an official visit.<br \/>\nRiyadh\u2019s assistance comes as Islamabad prepares to repay $3.5 billion to the United Arab Emirates (UAE) this month.<\/p>\n<p>            Saudi Arabia Announces USD 3 Billion Additional Support, Extends USD 5 Billion Deposit: Finance MinisterFederal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has informed that the Kingdom of Saudi Arabia has committed USD 3 billion in additional deposits, with\u2026 pic.twitter.com\/E8dXPg6g9Y\u2014 Ministry of Finance, Government of Pakistan (@Financegovpk) April 15, 2026 <\/p>\n<p>Earlier this month, Dawn newspaper reported that Abu Dhabi was seeking the immediate repayment of the loan that was provided to Islamabad as part of the external financing support extended by the UAE in 2019.<br \/>\nThat aid was extended through the Abu Dhabi Fund for Development to help Islamabad tide over a balance of payments crisis.<br \/>\nThe report said the UAE debt was rolled over multiple times, but the most recent extensions had shorter durations, indicating the Emirates\u2019 unease over the arrangement.<br \/>\nIn 2024, Pakistan faced a debt crisis in the aftermath of the Covid lockdown, supply disruptions induced by the Ukraine conflict, and extensive floods that battered a third of the country. The International Monetary Fund (IMF) had stepped in to provide a 3-year, $7 billion package.<br \/>\nUnder its agreement with the IMF, Pakistan is required to secure around $12.5 billion in rollovers from China, Saudi Arabia, and the UAE to meet external financing needs and maintain its currency reserve levels.<br \/>\nThe Dawn report indicated that the UAE will be replaced by Qatar.<br \/>\nPakistan\u2019s ties with the UAE have been strained over the last year. While Islamabad has signed a mutual defense pact with Riyadh, Abu Dhabi has been moving to build a closer security partnership with New Delhi.<br \/>\nThe UAE, which has remained a vital source of foreign remittances for Islamabad, also imposed visa restrictions affecting Pakistani nationals earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The assistance comes as the South Asian nation faces pressure to repay $3.5 billion to the UAE Saudi Arabia has pledged $3 billion in financial aid to Pakistan, the South&hellip;<\/p>\n","protected":false},"author":1,"featured_media":33293,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-33292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.3 - aioseo.com -->\n\t<meta name=\"description\" content=\"The assistance comes as the South Asian nation faces pressure to repay $3.5 billion to the UAE Saudi Arabia has pledged $3 billion in financial aid to Pakistan, the South Asian country\u2019s finance minister has said. 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