RIYADH, April 17 -- Saudi Arabia has announced a financial assistance package worth $8 billion for Pakistan, aimed at supporting the country's economic stability amid ongoing global financial challenges.

Read More: Saudi Arabia pledges $3 billion support for Pakistan

The announcement was made in Riyadh following directives from King Salman bin Abdulaziz and Mohammed bin Salman, underscoring the longstanding economic and strategic ties between the two nations.

According to the Saudi Press , the package includes the extension of an existing $5 billion deposit held in the State Bank of Pakistan, along with a fresh deposit of $3 billion. The combined support raises the total financial assistance to $8 billion.

Officials say the move comes...