Pakistan has asked Saudi Arabia for a long-term economic package, including converting a $5 billion short-term deposit into a 10-year facility with favorable terms and expanding oil financing on deferred terms.

The talks run alongside Pakistan negotiating the third review of the $7 billion IMF Extended Fund Facility and facing ongoing external financing pressures.

Saudi Arabia’s formal reply to the eight requests could not be determined at the time, and officials did not provide comments.

The article indicates no official responses from Saudi authorities or Pakistan on the status of the requests, set against regional tensions and volatile oil prices.

Eight proposals were presented to Riyadh amid rising geopolitical tensions in the region.

In related developments, the United Arab Emirates has agreed to roll over a $2 billion deposit for two months after an earlier one-month extension, with portions maturing in February.

Pakistan proposed securitizing up to $10 billion in remittances from overseas Pakistanis to bolster foreign exchange reserves and reduce reliance on costly external borrowing.

Other proposals include Saudi guarantees for future international Sukuk issuances and a concessional credit line for the Export-Import Bank of Pakistan.

Pakistan also seeks to extend the oil facility repayment period from one year to three years and to restructure repayments in three-year tranches.

Reporting notes that talks are ongoing and being monitored by media, with no confirmation of immediate actions from Saudi authorities.

Inquiries to Pakistan’s finance ministry and central bank yielded no comments as the Saudi response remained unclear.

The UAE had extended the $2 billion deposit for two months following a prior one-month roll-over, signaling temporary regional funding support alongside Saudi negotiations.