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General Bajwa discusses IMF programme with UAE, Saudi authorities

RAWALPINDI: Chief of Army Staff General Qamar Javed Bajwa has spoken with the authorities of the United Arab Emirates and Saudi Arabia.

According to reports, the IMF loan program was discussed, and Pakistan is soon to see positive development. 

Earlier, 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 way for a $1.2 billion disbursement, which is expected in August.

As per reports, the IMF’s board meeting is expected in the third week of August and the pressure on the local currency has sparked a debate about whether Pakistan could default.

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