Mobilized for five to six billion dollar financing from Pakistan’s friendly countries
Steps to early finalize staff level agreement with IMF
ISLAMABAD ( Web News )
The government is trying to finalize the delayed staff level agreement with the IMF as soon as possible. On the demand of the IMF, the guarantee of funds is being obtained from three countries. Safe deposits of two billion dollars from China are likely to be rolled over. There is a possibility of getting two billion dollars from Saudi Arabia and one billion dollars from UAE. The government is active for financing of 5 to 6 billion dollars from friendly countries. Officials say that funds are being secured from 3 countries. Safe deposits of 2 billion dollars from China are likely to be rolled over. While efforts are underway to get $1 billion from the UAE. Officials say that an additional $800 million commercial loan will be available from China in two installments.