Pakistan Proposes Eight-Point Economic Agenda to Saudi Arabia for Enhanced Financial Support

Pakistan has proposed an eight-point economic framework agenda to Saudi Arabia aimed at securing enhanced financial support and deepening bilateral economic ties amid ongoing efforts to stabilize its economy and navigate commitments under its IMF program.

Central to the proposal is a request to extend a $5 billion deposit facility from Saudi Arabia for a 10-year period, providing long-term stability to Pakistan’s foreign exchange reserves. Islamabad is also seeking to expand a deferred payment oil facility to $5 billion over three years, building on existing arrangements that have helped ease pressure on energy import costs.

Additional elements include securitization of remittances, targeting around $10 billion, to harness inflows more effectively for economic gains, alongside assistance in creating fiscal space to rationalize taxes in line with IMF requirements. The agenda further calls for a sukuk bond facility to enable Pakistan to raise international funds through Sharia-compliant instruments, commitments for Saudi investment in a dedicated Pakistan investment fund, support in mobilizing resources for the Pakistan Exim Bank, and waivers or facilitations related to import-related endeavors to boost trade and industrial activities.

The proposal reflects Pakistan’s push for sustained Saudi backing, which has historically included deposits, oil credits, and investment pledges, as both nations continue to explore broader frameworks for trade, investment, and strategic cooperation in sectors such as energy and mining. Discussions on these points come against the backdrop of recent renewals and extensions of existing facilities, underscoring the strategic importance of the relationship for Pakistan’s economic recovery.