US, Saudi Arabia may help Pakistan to avoid default

Pakistan has to pay $1.3 billion in external debt on January 10, while it does not seem possible due to the dwindling foreign exchange reserves in the country. In such a situation Saudi Arabia and the United States (US) would have shown a ray of hope.

Government default imposed by regime change is looming, so frantic efforts are being made to somehow avoid it.

According to the sources, there have been two developments in this regard in recent days, which can be considered positive for the Shehbaz Sharif government.

Sources told News360 that the government is busy trying to somehow avoid going to the International Monetary Fund (IMF) because it will not be possible to provide relief to the people in the presence of the strict conditions, whereas, the elections are ahead. The government would face failure if it fails to provide relief to the masses and due to popularity of Imran Khan.

Sources added that in order to avoid the IMF deal, high-level contacts were made with some friendly countries, in this regard, Saudi Arabia and the United States have assured assistance.

According to sources, the United States assured to transfer $2 billion to the account of the State Bank of Pakistan (SBP) and Saudi Arabia also expressed its willingness to give another $2 billion.

Sources said that in this regard, a top military figure will visit Saudi Arabia in the next day or two, while a top government figure will visit the United States. And if the deal is finalized and things are settled, January 10 will pass well for Pakistan.