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Saudi Arabia signals to provide $2 billion to Pakistan

IMF maintains the demand to increase the interest rate.

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Saudi Arabia signals to provide $2 billion to Pakistan
GNN Media: Representational Photo

Islamabad: Kingdom of Saudi Arabia has given green signal for funding of two billion dollar to Pakistan, GNN reported.

According to Finance Ministry sources, finance minister Ishaq Dar will also contact high officials of United Arab Emirates (UAE) on April 10 to talk about financing before visiting United States.

However, International Monetary Fund (IMF) maintains the demand to increase the interest rate. It also objects the annual subsidy of Rs900 billion. The organization also maintains the demand to collect Rs850 billion in petroleum levy.

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