Home » 1 billion dollar financing from UAE, good news for Pakistan! the daily news

1 billion dollar financing from UAE, good news for Pakistan! the daily news

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1 billion dollar financing from UAE the daily news

Islamabad: United Arab Emirates is likely to get a written guarantee this week for the financing of 1 billion dollars to Pakistan.

According to the details,in this week United Arab Emirates is waiting to recieve a written guarantee for the financing of 1 billion dollars, after recieving the written guarantee for the financing, Secretary of the Ministry of Finanace will notify the IMF in its annual meetings in Washington

Finance Ministry sources said that Finance Minister Ishaq Dar had made a special request to the UAE authorities.

The Ministry of Finance said that the matters for the financing of 1 billion dollars from the UAE have been finalized, as soon as the guarantee is received from the UAE authorities, the IMF will also get a written guarantee.

According to the daily news sources, the Prime Minister’s Office requested the friendly countries to fulfill the conditions of the IMF.

It should be remembered that last week, Saudi Arabia assured the IMF of funding of two billion dollars for Pakistan, the money will be provided for foreign exchange reserves in Pakistan.

According to the daily news details, Saudi Arabia had confirmed the International Monetary Fund (IMF) of funding of two billion.

Sources of the Ministry of Finance said that the IMF has confirmed Saudi Arabia’s two billion dollars for Pakistan, the money will be provided for foreign exchange reserves in Pakistan, but a formal announcement of the funding is expected on the Prime Minister’s visit to Saudi Arabia.

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