The foreign minister of Saudi Arabia led a high-level delegation to Pakistan on Monday for a two-day visit. Pakistan is looking for assistance in resolving one of its biggest economic crises.
A week ago, Crown Prince Mohammed bin Salman, one of Pakistan’s closest allies and a major oil supplier to Islamabad, met with Prime Minister Shehbaz Sharif in Saudi Arabia. Prince Faisal bin Farhan is visiting Saudi Arabia.
Asif Ali Zardari, the president, and Sharif are anticipated to meet with Prince Faisal.
Prince Mohammed informed Sharif that Saudi Arabia would invest $5 billion in Pakistan, according to Pakistani officials.
To increase Pakistan’s foreign exchange reserves, Saudi Arabia contributed $2 billion to the country’s central bank last year.
Additionally, Pakistan and the International Monetary Fund are negotiating a new bailout.
