Tag - Saudi funding to Pakistan

IMF seeks assurance on Saudi funding to Pakistan: Report

According to the reports, the International Monetary Fund’s Executive Board was looking to assess Saudi Arabia’s commitment to financing Pakistan before disbursing fresh funds. The document stated that the Washington-based lender wanted to ensure that Saudi Arabia would follow through with as much as $4 billion in funding to Pakistan to ensure Islamabad does not have a funding gap after the IMF loan. The people familiar with this matter told that the transfer could include special drawing rights.