Pakistan expects to secure $3 billion in external financing from a friendly country in two weeks, its finance minister said on December 2 as the South Asian country awaits funding from the International Monetary Fund (IMF). An IMF review for the release of its next tranche of funding has been pending since September, leaving Pakistan in dire need of external financing. Pakistani Finance Minister Ishaq Dar said in an interview with Geo News TV that all targets for the IMF's ninth review had been completed, adding that withholding a tranche despite that would not make sense. To read the original story from Reuters, click here.
As IMF Funding Delayed, Pakistan Expects $3 Billion From Friendly Country
Pakistani Finance Minister Ishaq Dar said that all targets for the IMF's ninth review had been completed. (file photo)