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UAE confirms to IMF support of $1 billion to Pakistan

by Index Investing News
April 14, 2023
in Markets
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© 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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