A high-profile visit from Saudi Arabia’s finance minister, Mohammed al-Jadaan, has brought a message of unwavering economic support to Islamabad, following Pakistan’s announcement to repay billions of dollars in loans to the United Arab Emirates.
In a gesture of solidarity, Pakistani Prime Minister Shehbaz Sharif’s office has expressed gratitude for the Crown Prince’s warm and cordial relationship with Pakistan, as well as the Kingdom’s long-standing commitment to providing economic and financial assistance that has significantly contributed to Pakistan’s economic resilience.
The Saudi minister’s visit coincides with a pivotal moment in regional diplomacy, as Islamabad plays host to US-Iran talks aimed at resolving the longstanding conflict in the Middle East. Although the minister will not be participating in the negotiations, his trip serves as a testament to the shifting dynamics in the Gulf, where new alliances are emerging amidst the ongoing rift between Saudi Arabia and the UAE. Pakistan’s recent decision to repay more than $3 billion in loans borrowed from the UAE since 2018 underscores the country’s efforts to reorient its economic relationships.
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