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2022-08-23 India-Pakistan

Qatar to give $2bn in ~~charity~~ bilateral support to ease Pakistan's funding crunch

[GEO.TV] In order to help ease Pakistan’s funding crunch and consequent risk of default, Qatar is expected to give Islamabad funds worth $2 billion in bilateral support, Bloomberg reported Monday.

Ahead of the International Monetary Fund’s (IMF) board meeting scheduled to be held on August 29, Pakistan has secured financing worth $4 billion from friendly countries — which was a prerequisite to reviving the stalled Fund programme.

Pakistan will also receive $1 billion in oil financing from Saudi Arabia and a similar amount in investments from the UAE.

Posted by Fred 2022-08-23 00:00|| || Front Page|| [11138 views ] Top
File under: Govt of Pakistan

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