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Friday, 14 July 2023 17:39
IMF loan helps Pakistan unlock another $5.6 billion in funding, Bloomberg reports
Written by Nur Yasmin
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Pakistan is set to draw in $5.6 billion in additional financing, Bloomberg News reported on Friday.
The new funding will include $3.7 billion of commitments from bilateral partners including Saudi Arabia and the United Arab Emirates, Nathan Porter, the IMF's mission chief for Pakistan, Bloomberg News reported.
On Wednesday, Pakistan's central bank received $1.2 billion from the International Monetary Fund as the first tranche of a $3 billion bailout to stabilise the economy. (Reuters)
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