Saudi Arabia and the United Arab Emirates (UAE) are planning to offer loans of around $2 billion to Pakistan to help the country fight its financial crisis, a private TV channel reported on Saturday.
According to the channel, former International Monetary Fund (IMF) director for Middle East and South Asia Mohsin Khan told a small group of experts in Washington about the amounts Pakistan could expect from other donors, including those from Riyadh and the UAE. He said the IMF programme had paved the way for other funds to be mobilised toward Pakistan, adding he expected to see $1 billion from the UAE and between $500 million to $1 billion from Saudi Arabia for Pakistan's recovery programme, the channel added. |