Pakistan is in talks with Saudi Arabia and China for financial support after
failing to secure a rollover of about $3 billion in loans from the United Arab
Emirates, according to people familiar with the matter. The potential
assistance, involving loans and investment, could exceed $3.5 billion. Pakistan
is required to repay the UAE by the end of the month, putting pressure on
foreign exchange reserves of about $16 billion, covering roughly three months of
imports. Officials from Pakistan and Saudi Arabia did not immediately respond to
requests for comment.
