“Unusual move aimed at helping Pakistan avert default”
Islamabad: Chief of Army Staff (COAS) General Qamar Javed Bajwa has become active to steer the country out of the ongoing economic crisis and has reached out to the United States to request help in securing an early loan dispersal from the International Monetary Fund (IMF).
According to the international media, Army Chief General Qamar Javed Bajwa spoke via telephone with US Deputy Secretary of State Wendy Sherman to seek help in accelerating the loan revival process.
COAS Bajwa made an appeal for the White House and Treasury Department to push the IMF to immediately supply nearly $1.2 billion that Pakistan is due to receive under a resumed loan program.
The IMF already granted Pakistan staff-level approval for the loan in question on July 13. However, the transaction – part of the IMF’s $6 billion Extended Fund Facility for Pakistan – will only be processed after the multilateral lender’s executive board grants final approval.
Lego’s Smart Brick is here, and it transforms these new Star Wars sets
- 2 گھنٹے قبل
The giant loophole that lets Big Dairy keep baby cows in solitary confinement
- 9 منٹ قبل
You can still grab great deals on Bose headphones and Astro Bot this weekend
- 2 گھنٹے قبل
T20 World Cup: India set 254-run target for England in second semi-final
- 9 گھنٹے قبل
Portable Sonos Play speaker leaks on Canadian Best Buy
- 2 گھنٹے قبل
A high-stakes Texas primary exposed the Democratic Party’s fault lines
- 9 منٹ قبل
Gold prices plunge in Pakistan, global markets
- 10 گھنٹے قبل
Taliban must choose between Pakistan, terror groups: sources
- 9 گھنٹے قبل
Rising fuel prices lash airline sector as Iran conflict widens
- 9 گھنٹے قبل
WHO says has it has verified 13 health attacks in Iran
- 10 گھنٹے قبل
Bethell’s brilliant century goes in vain,India beat England by 7 runs and qualify for the final
- 9 گھنٹے قبل
The Rubin Observatory’s alert system sent 800,000 pings on its first night
- 2 گھنٹے قبل
