COAS Bajwa reaches out to UAE, Saudi authorities on IMF deal

COAS Bajwa reaches out to UAE, Saudi authorities on IMF deal

Rawalpindi (Web Desk): Chief of Army Staff (COAS) General Qamar Javed Bajwa has spoken with the authorities of the United Arab Emirates and Saudi Arabia to discuss IMF programme.

According to the report, the International Monetary Fund loan programme reportedly came under discussion.

Earlier, the army chief also telephoned to US Deputy Secretary of State to help Islamabad secure an early dispersal of $1.2 billion in funds under an IMF programme.

Pakistan and the IMF reached a staff-level agreement over the release of the funds to support the country’s fragile economy. The staff-level agreement will pave the way for the $1.2 billion disbursement, which is expected this month after the board approves it.