Saudi Arabia to inject $3B into Pakistan as UAE debt deadline looms

Pakistan’s finance minister confirmed late on Tuesday that Saudi Arabia has agreed to provide $3 billion in financial assistance to Islamabad to avert stress on its weak foreign reserves amid debt repayment obligations to the United Arab Emirates. Muhammad Aurangzeb, who is in Washington to hold staff level talks with the International Monetary Fund (IMF), told reporters that Riyadh will provide the promised amount next week..