It is also said that the Prime Minister's Office and the Finance Minister had requested IMF regarding financing.
Islamabad: A written guarantee is likely to be received from the United Arab Emirates (UAE) this week for the financing of one billion dollar, GNN reported.
According to the sources, the Secretary of the Ministry of Finance will inform International Monetary Fund (IMF) in this regard during the annual meetings in Washington.
Sources in the Ministry of Finance stated that matters have been finalized for the financing of one billion dollars from the UAE and as soon as the guarantee is received from the authorities, IMF will also get a written guarantee.
It is also said that the Prime Minister's Office and the Finance Minister had requested IMF regarding financing.
It is pertinent to note that IMF had asked Pakistan to get written guarantee for financing. Kingdom of Saudi Arabia had already confirmed with IMF regarding the financing of $2 billion. At the same time, China has also confirmed the rollover of two billion dollars and $1.1 billion of commercial financing.
Power Rankings: Big wins and early breakout stars following Week 3
- 6 گھنٹے قبل
Lahore police arrest man for sexually assaulting stepdaughter
- 6 گھنٹے قبل
OGRA hikes kerosene oil price
- 4 گھنٹے قبل
First ODI: Sidra Ameen’s ton helps Pakistan women set South Africa 256-run target
- ایک گھنٹہ قبل
Wego expands presence in Pakistan, bring more travel choices to local travelers
- 2 گھنٹے قبل
Qatar won’t be attacked again, says Trump after Israeli strikes
- 6 گھنٹے قبل
Luxembourg announces intention to recognize Palestinian state
- ایک گھنٹہ قبل
Cinema legend Robert Redford dies at 89
- 3 گھنٹے قبل
India says trade talks with US were ‘positive’
- ایک گھنٹہ قبل
Kazakhstan bans forced marriages and bride kidnapping
- 4 گھنٹے قبل
FIA cracks down on illegal migration: 13 caught en route to Iran
- 5 گھنٹے قبل
At least 50 killed after refugee boat catches fire off Libyan coast
- 2 گھنٹے قبل
