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Your email address will not be published.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

Pakistan ‘offers’ zero-tariff bilateral trade to US

Pakistan has proposed a zero-tariff bilateral trade agreement with the United States…

Emirates to ‘set up’ major cargo business hub at Karachi airport

Emirates Airline has announced to establish a major cargo business hub at…

Daraz sale skyrockets on 11.11, serves14 million e-commerce shoppers

Karachi: On November 11, Daraz, South Asia’s leading e-commerce marketplace, carried a…