Saudi commits support to help Pakistan secure IMF deal ...Kuwait

News by : (The New Arab) -
Saudi Arabia has told the International Monetary Fund it will provide financing to Pakistan, Pakistani junior finance minister Aisha Ghaus Pasha said on Thursday, a critical step needed to secure IMF funding. Saudi Arabia's $2 billion pledged in external financing support to Pakistan is one of the final conditions for an IMF deal that Islamabad needs to avert a default. "Apparently Saudi Arabia has committed to IMF, and IMF has indicated to us that there has been a correspondence from them," Pasha told reporters in Islamabad. The IMF's resident representative did not immediately respond to a Reuters request for a comment. Saudi Arabia's finance ministry was not availa

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