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Pakistan to Receive Saudi Financial Support worth $2bn

Pakistan to Receive Saudi Financial Support worth $2bn

Islamabad: According to the latest news reports, Saudi Arabia has agreed to give Pakistan the USD 2 billion necessary to complete the staff-level agreement with the International Monetary Fund (IMF).

The news source said that before traveling to the US to attend the annual spring meetings of the IMF and the World Bank Group, Finance Minister Ishaq Dar will seek UAE leadership to arrange funds (WBG).

Also Read: SBP Announces Highest-Ever Increase in the Policy Rate

Aisha Ghaus Pasha, the minister of state for finance and revenue, revealed that Saudi Arabia is prepared to give Pakistan financial assistance while negotiations with Qatar and the UAE are still going on. She continued by saying that as soon as finance assurances are received, the IMF accord will be signed.

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