Pakistan and Saudi Arabia are reportedly in discussions to convert approximately $2 billion in Saudi loans into a deal for JF-17 fighter jets. This potential agreement aims to deepen military cooperation following a mutual defense pact signed last year. The talks occur as Pakistan faces financial strain and Saudi Arabia reassesses its security partnerships amid shifting US regional policies. While sources suggest the JF-17 is a primary option, Pakistan's Foreign Office stated it is unaware of any such deal.