After the delay with a loan deal with the International Monetary Fund (IMF), Pakistan is seeking ‘financial help’ from friendly countries to stabilize the economy.
Credible sources within the finance ministry claimed that Pakistan is seeking to get $2 billion each from China and Saudi Arabia, while meetings are underway to get $1 billion from the United Arab Emirates.
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Sources said that China will deposit $800 million with the State Bank of Pakistan in the upcoming few days. Remember that Pakistan has been trying hard to revive the stalled loan $7 billion program of the IMF but despite taking tough decisions, the international lender is delaying the staff-level agreement with Islamabad.
Earlier US Ambassador to Pakistan Donald Blome gave hope for locking a deal between Pakistan and the International Monetary Fund (IMF) assuring Washington’s willingness to support the country in its efforts to resume a stalled $6.5 billion bailout program.
Ambassador Blome also indicated that the IMF bailout package for Islamabad will take its final shape in a couple of days.
“The United States is ready to cooperate with Pakistan to help on the issue,” Blome said while speaking to journalists at an event on Tuesday.
The envoy also expressed Washington’s willingness to help Islamabad with the ongoing challenge of terrorism.
