To help Pakistan’s balance of payments and foreign exchange reserves, the International Monetary Fund (IMF) has agreed to expand its $6 billion loan programme by $2 billion and extend it for another year.

Pakistan’s Finance Minister, Miftah Ismail, announced on Sunday that the IMF had agreed to increase Pakistan’s bailout package from $3 billion to $5 billion.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pakistan women’s cricket team secures first World Cup series win

The Pakistan Women’s Cricket team finally secured their first World Cup series…

Blinken arrives in Israel for talks with Netanyahu

US Secretary of State Antony Blinken arrived in Tel Aviv on Friday…

No delay in CPEC work: Asad Umar

Asad Umar, Federal Minister for Planning has refuted all the claims about…

Asad Umar clarifies possibility of complete lockdown

Addressing a press conference, the head of the National Command and Operation…