- Wednesday, April 24, 2024
By: Keerthi Mohan
Pakistan still plans to seek a bailout from the International Monetary Fund (IMF) despite a Saudi Arabian offer of a $6 billion rescue package, Pakistan’s finance ministry said on Wednesday (24). “Yes, we are going ahead into programme negotiations with (IMF) in the first week of November,” Noor Ahmed, spokesman for the ministry, told Reuters in a text message. On Tuesday (23), Pakistan announced Saudi Arabia had agreed to give Pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3bn in deferred payments for oil imports to help stave off a current…
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