IMF delays Pakistan's loan despite aid from friendly nations.
TL;DR Summary
The IMF has welcomed the commitments made by Pakistan’s friendly countries to assist the cash-strapped South Asian country in reviving its months-long delayed $1.1 billion IMF loan tranche. Pakistan has less than a month’s worth of foreign exchange reserves and is awaiting a bailout package of $1.1 billion from the IMF that has been delayed since November over issues related to fiscal policy adjustments. The UAE has confirmed to the IMF that it will provide support of $1 billion to Pakistan.
- IMF appreciates friendly nations for aiding Pakistan in unlocking loan ARY NEWS
- 'Pak Not Created To Act Like Beggar': Sharif rants after IMF 'delays' funds again | Watch Hindustan Times
- IMF Seeks More Funding Assurances Before Pact on Pakistan Aid Bloomberg
- UAE And China Promise Pakistan $1.3 Bln To Get IMF Deal On Track Barron's
- IMF 'prolongs' Pak's inflation war; Sharif Govt asked for more assurances despite China, Saudi's aid Hindustan Times
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