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Pakistan, Saudi Arabia: What Riyadh's Economic Lifeline Means for Islamabad

Oct 24, 2018 | 21:00 GMT

Pakistan's government has found welcome assistance from Saudi Arabia to help it avert a payments crisis caused by the country's high trade deficit. On Oct. 23, Pakistan's Foreign Ministry announced that Prime Minister Imran Khan had secured $6 billion in debt relief from Saudi Arabia while attending the Foreign Investment Initiative conference in Riyadh, where he met with Saudi King Salman and Crown Prince Mohammed bin Salman. The package includes $3 billion in foreign currency support for one year and allows Pakistan to defer up to $3 billion in oil payments for three years. ...

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