The government of Pakistan has announced that Saudi Arabia has committed to providing financial support to the country, as confirmed by the International Monetary Fund (IMF). This support is expected to help Pakistan bridge its external financing gap, which has delayed the staff-level agreement (SLA) with the IMF for almost two months. Saudi Arabia has reportedly committed to extending a $2 billion loan to Pakistan, although there is no official word on when the amount will be credited to the State Bank of Pakistan’s account. Pakistan is also in contact with other friendly countries, such as the United Arab Emirates, Qatar, and China, to help bridge the financing gap. The country is fully committed to the IMF program, which aims to bring structural reforms that are in Pakistan’s best interests.
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