IMF seeks assurance on Saudi funding


As Pakistan awaits the final nod from the International Monetary Fund’s Executive Board, the global lender is looking to assess Saudi Arabia’s commitment to financing Pakistan before disbursing fresh funds, Bloomberg reported, citing people familiar with the matter.

The publication stated that the Washington-based lender wants to ensure that Saudi Arabia will follow through with as much as $4 billion in funding to Pakistan to ensure Islamabad does not have a funding gap after the IMF loan.

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