Pakistan shared Financing plan with IMF

Pakistan shared Financing plan with IMF

Pakistan shared $3 billion financing plan with International Monetary Fund (IMF) in order to unlock much awaited bailout package from the institute to tackle economic crises faced by country.

Earlier, Nathan Porter, the Fund mission Chief for Pakistan revealed that IMF is seeking financial assurance from Pakistan to conclude the talks and lock the bailout package of $6.5 billion.

Read more | Pakistan to lock IMF deal soon

International Monetary Fund (IMF) asked Pakistan to get financial assistance from friendly countries in order to arrange the total sum of $350 billion from now till june to avoid economic default.

Important Financial Support to Pakistan

The International Monetary Fund (IMF) welcomed the recent announcement of Pakistan about important financial assistance from key bilateral partners.

UAE, Saudi Arabia and China confirmed their financial commitments with Pakistan but these commitments are short of Pakistan’s needs. Still Pakistan has informed Washington about plan to secure $450 million for sustainable economy budget.

Pakistan is also planning to get $1 billion from Asian Infrastructure Investment Bank (AIIB) and other commercial banks to lock the deal.

Read more | UAE Economy to grow more Faster Next Year: IMF

Officials also reported that once Pakistan sign the staff level agreement with International Monetary Fund (IMF) it would be easy for Pakistan to secure more financial assistance from other states as well.

Read Previous

How to Install Auto GPT ?

Read Next

Massive Landsliding near Torkham Border