Pakistan Seeks Long-Term Economic Support from Saudi Arabia

Pakistan has presented eight key requests to Saudi Arabia as part of a proposed long-term economic cooperation framework, including converting the existing **$5 billion deposit** into a **10-year long-term facility**.

According to senior government sources, Pakistan has asked Saudi authorities to expand economic assistance in several areas. The proposals include increasing the **deferred oil payment facility** from **$1.2 billion to $5 billion** and extending its duration.

Pakistan has also proposed the **securitization of $10 billion in remittances** sent by overseas Pakistanis as part of broader financial cooperation measures.

Officials say Pakistan’s economic challenges have intensified due to rising geopolitical tensions linked to the conflict involving Iran, led by United States and Israel.

Meanwhile, Pakistan is also negotiating with the International Monetary Fund under the **$7 billion Extended Fund Facility (EFF)** program and is working toward completing the **third review** of the agreement.

Pakistan and Saudi Arabia were already engaged in talks on a **comprehensive economic cooperation package**, which could provide further financial stability to Pakistan’s economy. 📊💰