Pakistan (Washington Insider Magazine) – Pakistan’s Army Chief General Asim Munir has embarked on his first official overseas visit to Saudi Arabia and the UAE, seeking military cooperation and economic support as Pakistan faces a severe financial crisis.
Key Highlights:
- Strategic Military Ties: General Munir met Saudi Defense Minister Prince Khalid bin Salman to discuss military cooperation.
- Economic Crisis: Pakistan’s foreign reserves have dropped below $6 billion, barely covering a month of imports.
- Financial Support: Islamabad hopes Saudi Arabia will provide financial assistance to stabilize the economy.
- Historical Ties: Pakistan and Saudi Arabia share over 50 years of close relations, with Pakistani manpower contributing significantly to Saudi development.
- IMF Loan Delays Pakistan is struggling to secure the next tranche of its $1.18 billion IMF loan.
With Pakistan on the brink of default, the visit underscores Saudi Arabia’s crucial role in providing financial relief and maintaining regional military cooperation.
