‘Positive Response’ From China, Middle East Over Funding Needs For IMF Approval: Finance Minister

Finance Minister Muhammad Aurangzeb said on Friday that the reaction from China, Saudi Arabia and the United Arab Emirates has been “positive” regarding Pakistan’s gross financing needs for approval of its $7 billion International Monetary Fund (IMF) programme.

The government and the IMF agreed on the 37-month loan programme in July which, according to the fund, was subject to approval from its executive board and obtaining “timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners”.

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