ISLAMABAD: Saudi Arabia has rolled over a $5 billion loan to Pakistan for three years, according to sources.
The loan had reportedly been provided to Pakistan to facilitate payments to the United Arab Emirates. Sources said Saudi Arabia had initially extended the loan to Pakistan for a period of three months.
The rollover is expected to provide Pakistan with additional financial support and ease pressure on its external financing requirements.
The development comes as Islamabad continues efforts to manage its external debt obligations and strengthen its foreign exchange position.
