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Saudi Arabia assures $3bn support to help stabilise Pakistan’s reserves
Saudi Arabia pledged to extend $3 billion financial support to Pakistan through a deposit, reinforcing its commitment to the country’s economic stability amid external financing pressures, the reports suggested on Tuesday. The reports said that the assurance was conveyed during a recent short visit by the Saudi finance minister, who informed Pakistani authorities that Riyadh would cover any potential gap in foreign exchange reserves caused by the withdrawal of funds by another Gulf country. [...]