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.
Another Israeli spy executed in Iran
- 20 hours ago
Alleged suicide bomber apprehended in KP
- a day ago
Spotify says it’s working with labels on ‘responsible’ AI music tools
- 17 minutes ago
Why world models are the next big thing in AI
- 16 minutes ago
Tomato prices increase significantly, reasons revealed
- 18 hours ago
Rain predicted in various parts of country
- 20 hours ago
Rawalpindi Test: Pakistan continues to bat in first innings against South Africa
- 18 hours ago
Warriors waive Seth Curry but expect his return
- a day ago
HIV cases among children increase rapidly in Nawabshah
- 21 hours ago
Netflix’s Frankenstein jolts the classic tale with del Toro’s signature flair
- 17 minutes ago
Gold prices drop in two days
- 16 hours ago
Pokémon Legends: Z-A Rotom Phone review: better camera, higher jumps
- 16 minutes ago
