Site icon Daily Universal Digital

Another $5.6 billion in funding expected in Pakistan, Bloomberg

Increase in foreign exchange reserves, total reserves reach $15.966 billion

Washington: Another 5.6 billion dollars in funding is expected in Pakistan. According to Bloomberg ‘s report, the head of the IMF’s Pakistan mission, Nathan Porter, said that the new funding agreements of 3.7 billion dollars made by Saudi Arabia and the United Arab Emirates. are also included. 

The IMF agreement came at a time when Pakistan was facing problems such as dwindling foreign exchange reserves, deteriorating stock market conditions and inflation.

Exit mobile version