After Saudi – UAE Bailout for Pakistan’s Economy, All Eyes on IMF

While a $ 12 Billion Saudi UAE Bailout package has shored up Pak government finances, the IMF stabilisation programme has far greater urgency for the business community. Sheikh Muhammad bin Zayed Al Nahyan, Crown Prince of the United Arab Emirates visited Pakistan on 06 January with a primary agenda of confirming a bailout package that was under discussion. A statement by the Pakistan Prime Minister’s office said, “Prime Minister expressed thanks for the generous Balance of Payment support of US$3 billion. He noted that this financial support shows the UAE’s  continued commitment and friendship that has remained steadfast over the years. He also  welcomed the UAE’s interest in investing in Pakistan’s oil and gas, logistics, ports  and construction sectors”...........................

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