Pakistan in Talks With Saudi Arabia, China After UAE’s Loan Move

Pakistan is in discussions with Saudi Arabia and China for financial support to compensate for a loan of about $3 billion that Islamabad will be forced to pay back to the United Arab Emirates, people familiar with the matter said.

The talks involve loans and investment, the people said, asking not to be identified because the talks are private. The amount of support under discussion is more than $3.5 billion, one of the people said.

Pakistan failed to reach an agreement with the UAE to roll over the debt for the first time in seven years. Islamabad will now repay ...