The International Monetary Fund (IMF) has confirmed that it has received confirmation from Saudi Arabia on $2 billion in additional deposits to Pakistan. Islamabad has been negotiating with the IMF since the end of January for the release of $1.1 billion from a $6.5 billion bailout package agreed upon in 2019.

Leave a Reply

Your email address will not be published.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

You May Also Like

Miftah calls on his British counterpart

On Wednesday, Federal Minister for Finance and Revenue Miftah Ismail met British…

Sri Lanka’s economic recovery remains challenging: IMF

Colombo: Cash-strapped Sri Lanka’s economy showed “tentative signs of improvement” but recovery…

PM Khan shares “more good news” on economic front

Prime Minister Imran Khan had shared “more good news” with the nation…

PIA executes biggest northern area operation

Pakistan International Airlines (PIA) operated six flights to Skardu to boost tourism…