Pakistan has begun discussions with Saudi Arabia to convert its $5 billion deposit into long-term investment as part of efforts to ease pressure on the country’s external finances and deepen economic ties, according to government sources.

According to sources, Pakistan’s economic team is holding high-level talks with Saudi officials on measures aimed at reducing balance-of-payments pressures and improving long-term economic stability. The talks also include reviving negotiations over Saudi Arabia’s deferred oil payment facility.

Officials are also seeking to encourage greater Saudi investment across different sectors instead of depending only on financial deposits. New investment opportunities with Saudi investors are also being explored, the sources said.

Saudi officials have reportedly shared an economic framework with Pakistan’s economic team that focuses on structural reforms, sustainable growth and long-term macroeconomic stability.

According to the sources, the framework includes a roadmap extending to 2035, designed to help address Pakistan’s balance-of-payments challenges and raise exports to around $100 billion over the long term.

The discussions are part of ongoing economic engagement between the two countries, as Pakistan looks to ease external financing pressures while attracting more foreign direct investment and expanding long-term economic cooperation with Saudi Arabia.

As of now, no formal agreement has been announced by either government.