Islamabad: Saudi Arabia has agreed to extend financial support to Pakistan by providing USD 2 billion, required to seal the staff-level agreement with the International Monetary Fund (IMF), according to news published on April 5.
Read: IMF asks Pakistan to subsidise low earners, tax high earners
The news source disclosed that Finance Minister Ishaq Dar will approach the leadership of the United Arab Emirates (UAE) to secure financing before visiting the United States (US) to attend the annual spring meetings of the IMF and the World Bank Group (WBG).
Read: Saudia to invest USD 1 bn in Pakistan
Minister of State for Finance and Revenue Aisha Ghaus Pasha shared that Saudi Arabia is willing to provide financial support to Pakistan while discussions are ongoing with Qatar and UAE. She went on to say that the IMF deal will be signed as soon as financing assurances from friendly countries are provided.