Saudi Finance Minister Mohammed Aljadaan is said to have settled what was described as a “protection bill” in Islamabad on Saturday morning. In response, Pakistan dispatched a number of fighter jets, air defence systems and officers to Dhahran Air Base. The forces arrived earlier today, before Aljadaan returned to Riyadh from Pakistan.

The initial package reportedly provided to Pakistan this morning includes:

▪️ A $5 billion deposit in the Pakistani central bank for a period of 10 years.

▪️ Oil financing facilities worth $5 billion on deferred payment terms, with repayment periods of up to three years.

▪️ The settlement of $4.8 billion of Pakistan’s debt.

▪️ The securitisation of remittances from Pakistani residents in Saudi Arabia, alongside activation of borrowing against them.

▪️ Saudi Arabia acting as a guarantor for Pakistan’s international sukuk issuances.

▪️ The provision of a concessional credit line to the Export-Import Bank of Pakistan.

▪️ The exemption of trade transactions with Pakistan from bank guarantee requirements.

▪️ The injection of Saudi direct investment into Pakistan’s economy of no less than $10 billion in the initial phase, rising to $25 billion in a subsequent phase.