Army chief reaches out to UAE, Saudi authorities, discusses IMF programme

LAHORE  –  Chief of Army Staff (COAS) General Qamar Javed Bajwa days after the phone call to US Deputy Secretary of State to help Islamabad secure an early dispersal of $1.2 billion in funds under an International Monetary Fund loan (IMF) programme, on Friday has now spoken with the authorities of the United Arab Emirates and Saudi Arabia to discuss the IMF programme.

The extended fund facility worth $1.2 billion with the IMF was discussed with the friendly countries, including the upcoming executive board meeting of the IMF which is expected to ratify the loan program.

As a result of the army chief’s communication, good news for Pakistan is expected soon.

It is pertinent to mention that Nikkei Asia reported that Gen Bajwa appealed to the United States to help Islamabad secure an early dispersal of $1.2 billion in funds under the IMF programme to avert the risk of debt default.