Mohammed bin Salman has assured fresh financial support to Pakistan. The pledge includes a $3 billion deposit. The move aims to strengthen Pakistan’s foreign exchange reserves.
The assurance comes as Pakistan faces external financial pressure. A friendly Gulf country is withdrawing over $3 billion from Pakistan’s reserves. This raised concerns about a potential gap in the country’s foreign currency holdings.
To address this, Saudi Arabia stepped in. The Crown Prince sent Mohammed Al-Jadaan to Islamabad. The visit was brief but significant. Its purpose was clear. Saudi Arabia wanted to reassure Pakistan’s leadership directly.
Officials said the message was strong. Saudi Arabia will help cover any shortfall. The funds will be placed with the State Bank of Pakistan. This will help maintain reserve stability.
Authorities described the step as exceptional. It reflects deep trust between the two countries. It also highlights long-standing strategic ties.
Pakistan already holds about $5 billion in Saudi deposits. The new pledge will further strengthen its financial position. Officials said both civilian and military leadership welcomed the move. They expressed gratitude for the timely support.
Meanwhile, Shehbaz Sharif is expected to visit Saudi Arabia soon. He will meet the Crown Prince. He is likely to thank the Saudi leadership for its continued support.
During the visit, the prime minister will also share updates on Pakistan’s diplomatic efforts. These include facilitating talks between Iran and the United States.
Pakistan is actively working to bring both sides back to negotiations. Another round of talks is being planned before April 22. The goal is to turn the current ceasefire into a lasting agreement.
