'Default threat': Amph sets new bet for Pakistan
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July 20, 2022 ISLAMABAD: The International Monetary Fund (IMF) is reviewing Saudi Arabia's commitment to finance Pakistan before the global lender provides fresh funds to the South Asian country, ARY News reported on Bloomberg. Reported regarding. Bloomberg, quoting informed sources, said that the IMF wants to ensure that Saudi Arabia will provide $4 billion in funding to Pakistan to ensure that Islamabad is able to recover after the IMF loan. No matter the funding. Cold Transfers included exclusive drawing rights, added circuses. The case is very important because, while the IMF is due to lend Pakistan $1.2 billion, it will not be enough for Prime Minister Shehbaz Sharif's government to avoid a debt default. According to the report, Pakistan needs at least $41 billion in the next 12 months for debt repayments and increase in foreign exchange reserves. "If there is a risk of default, the IMF's board may not approve the release of cash," it added. Earlier on July ...