Economic news

UAE confirms to IMF support of $1 billion to Pakistan – finance minister

04/14/2023
Less than a minute

2023.04.14 02:00


© Reuters. FILE PHOTO: Pakistan’s Finance Minister Ishaq Dar gestures during a news conference to announce the economic survey of fiscal year 2016-2017, in Islamabad, Pakistan, May 25, 2017. REUTERS/Faisal Mahmood/File Photo

ISLAMABAD (Reuters) – The United Arab Emirates has confirmed to the International Monetary Fund that it will provide support of $1 billion to Pakistan, the South Asian country’s finance minister said on Friday.

“State Bank of Pakistan is now engaged for needful documentation for taking the said deposit from UAE authorities,” Pakistan Finance Minister Ishaq Dar said on Twitter.

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04/14/2023
Less than a minute

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