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Saudi Arabia , Friday 17 April 2026

'Drowning in debt', Pak gets $8 billion in financial support from Saudi Arabia | Key details

Published on: Sunday 01 May 2022

'Drowning in debt', Pak gets $8 billion in financial support from Saudi Arabia | Key details Saudi Arabia has agreed to provide Pakistan with a 'sizeable package' of around 8 billion U.S. Dollars. $8BN in financial support from Saudi as Pak aims to bolster dwindling foreign exchange reserves. Economic mismanagement - high inflation, widening current account deficit & a depreciating currency. Pakistan reportedly secured the deal during the visit of Prime Minister Shehbaz Sharif to Saudi. Package includes doubling of oil financing facility, additional cash & rolling over of existing $4.2BN facilities.


News source: https://www.msn.com/en-in/video/videobeauty/drowning-in-debt-pak-gets-dollar8-billion-in-financial-support-from-saudi-arabia-key-details/vi-AAWOhhi

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