IMF: Pakistan Wins More Financing Assurances from Saudi Arabia, UAE, China
Pakistan has received “significant financing assurances” from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund (IMF) program that go beyond a deal to roll over $12 billion in bilateral loans owed to them by Islamabad,
Saudi Arabia needs an oil price of close to $100 a barrel to balance its budget, according to the IMF, as Crown Prince ...
As reported by the Financial Times, citing sources with knowledge of the matter, Saudi Arabia intends to abandon its unofficial price target of $100 per barrel allowing it to increase oil production.
Pakistan has been struggling with boom-and-bust economic cycles for decades, leading to 22 IMF bailouts since 1958. Currently ...
Saudi Arabia has formed a global alliance to push for a two-state solution to the Israeli-Palestinian conflict, the country's ...
Prime Minister Shehbaz Sharif announced the IMF's approval of a $7 billion funding agreement for Pakistan. The program requires significant policy reforms and financial support from international ...
IMF MD says package for Pakistan aims to assist the country in economic recovery, reduce inflation, create jobs, and foster ...
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