Saudi Arabia will provide Pakistan with an additional $3 billion in financial support to help the country bridge a multi-billion-dollar gap linked to an upcoming debt repayment to the United Arab Emirates.

Axar.az informs, citing Reuters, the new funding comes in addition to Riyadh’s decision to extend the rollover of an existing $5 billion deposit for a longer period, Pakistan’s Finance Minister Muhammad Aurangzeb told reporters in Washington.

Pakistan is facing a $3.5 billion repayment to the United Arab Emirates this month, putting pressure on its foreign exchange reserves, which stood at around $16.4 billion as of March 27.

The repayment represents roughly 18% of the country’s total reserves.