This month there may be arrangements for ‘begging’ for Pakistan, IMF will decide on the request of 4 friends on August 29
Relief has been arranged for the poor Pakistan who is celebrating the 75th anniversary of independence. The government of Pakistan, which has been holding the bowl for many years, can get relief this month. The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on August 29 to seal a relief package to help the cash-strapped Pakistan.
This time Pakistan has full hope
IMF aid to Pakistan has been stuck since 2019. But in the changing environment, Pakistan is confident that this time things will be done. This information has been given by quoting Finance Minister Miftah Ismail in a news published in Pakistani media on Saturday. According to this, the IMF has sent a letter of intent related to the relief package to Pakistan, after which it will be signed and sent back. He expressed hope that the relief package for Pakistan will be approved in the meeting of the IMF’s executive board at the end of the month.
Pakistan asked for 7 billion dollars instead of 6
According to sources, this important meeting of the IMF will be held on August 29. In this, a proposal to increase the financial assistance for Pakistan from $ 1 billion to $ 7 billion and to extend this assistance program till August 2023 will be put up for approval.
IMF considered after the consent of four friends
Sources said that this meeting of the IMF has been called after Saudi Arabia, United Arab Emirates (UAE), Qatar and China agreed to jointly provide four billion dollars in aid to Pakistan. Getting the approval of the relief package from the IMF means a lot for Pakistan.
forex reserves depleted
Pakistan is facing a deep foreign exchange crisis. It has very little foreign exchange reserves left and may face a balance of payments crisis in the coming few weeks. Pakistan’s foreign exchange reserves have come down drastically to $ 7.83 billion. This is the lowest level of foreign exchange in Pakistan since the year 2019. According to the data released by Pakistan’s central bank on Friday, the country’s foreign exchange reserves have decreased this month due to increase in loan payments and lack of financial assistance from outside sources.
Latest Business News
function loadFacebookScript(){
!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”);
}
window.addEventListener(‘load’, (event) => {
setTimeout(function(){
loadFacebookScript();
}, 7000);
});
,
