Pakistan’s economy is set to receive a much-needed boost as Kingdom of Saudi Arabia has given the green signal for funding worth $2 billion.
The development comes amidst significant progress in financing worth $3 billion from friendly countries.
Sources in the finance ministry confirmed that Saudi Arabia has given the green signal of financing $2 billion to Pakistan.
Minister of Finance Ishaq Dar before his US visit on April 10, will also contact the UAE leadership, sources said.
The Pakistani govern ment had approached Saudi Arabia and the United Arab Emirates to meet the conditions of the International Monetary Fund.
Holding an informal talk with journalists after attending the Public Accounts Committee on Wednesday, State Bank Governor Jameel Ahmad said that the International Monetary Fund can make good news for Pakistan anytime.
He said that the IMF can make a good announcement for Pakistan anytime as the country has fulfilled all the public finance and monetary requirements as demanded by the global lender.
“After completing these requirements, our path to revive the IMF programme has become clear,” the SBP governor added.
