UAE pledges $1bn to support Pakistan's IMF deal.
TL;DR Summary
The UAE has informed the IMF that it will provide financial support of $1bn to Pakistan, according to Pakistan's finance minister. This could pave the way for Islamabad to secure a crucial bailout package from the global lender to tackle an economic meltdown. Pakistan is struggling to unlock a $1.1bn tranche from the IMF that has been delayed since November. The IMF says it needs assurances from Pakistan that its balance of payments deficit is fully financed for the financial year ending in June.
- UAE tells IMF it will support Pakistan with $1bn, says minister Al Jazeera English
- Pakistan gets closer to IMF deal after UAE pledges $1 billion Reuters.com
- UAE Confirms $1 Billion loan To Pakistan & Other Headlines | New Wrap @ 4 PM Hindustan Times
- Pakistan draws closer to IMF deal after UAE pledges $1bn Nikkei Asia
- Pakistan hopes to seal key IMF bailout agreement soon Reuters.com
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