LAHORE: Pakistan‘s PM Shehbaz Sharif on Saturday disclosed that Army chief general Asim Munir played a role in securing funds from Saudi Arabia and the UAE – a pre-condition by the IMF to seal a bailout deal with the cash-strapped nation.
Addressing a ceremony in Lahore, Sharif also expressed hope that now the IMF will not delay in reaching an agreement for $1.1 billion sought by Pakistan as the Pakistan Muslim League-Nawaz led coalition government has made a lot of efforts to fulfill the IMF demands. “Chief of Army staff general Asim Munir has contributed to the government’s efforts to secure funds from Saudi Arabia and the UAE,” Sharif said.
Debt-ridden Pakistan and the IMF have failed to reach a staff-level agreement on the much-needed $1.1 billion bailout package aimed at preventing the country from going bankrupt. The funds are part of a $6.5 billion bailout package IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations.
Addressing a ceremony in Lahore, Sharif also expressed hope that now the IMF will not delay in reaching an agreement for $1.1 billion sought by Pakistan as the Pakistan Muslim League-Nawaz led coalition government has made a lot of efforts to fulfill the IMF demands. “Chief of Army staff general Asim Munir has contributed to the government’s efforts to secure funds from Saudi Arabia and the UAE,” Sharif said.
Debt-ridden Pakistan and the IMF have failed to reach a staff-level agreement on the much-needed $1.1 billion bailout package aimed at preventing the country from going bankrupt. The funds are part of a $6.5 billion bailout package IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations.