Pakistan gets $3 billion in ‘support’ from Saudi Arabia as UAE repayment nears

Saudi Arabia will provide $3 billion in additional support for Pakistan to help the South Asian nation bridge a multi-billion dollar gap in its finances linked to an upcoming debt repayment to the United Arab Emirates.

The extra funding for Pakistan comes on top of Riyadh extending the rollover arrangement for an additional $5 billion deposit for a longer period, Pakistan Finance Minister Muhammad Aurangzeb told reporters in Washington.

The move underlines a deepening relationship between Riyadh…