Cash strapped Pakistan waits for World Bank and loans from allies for forex payment needs
Ananya Shorabji, Mumbai
Mar. 10, 2019

Image Credit: Charging Point Hindi: https://www.youtube.com/watch?v=IbTzYtu1aKM

Pakistan finance ministry expressed frustration over bureaucratic delay in the disbursement of $2.3 billion from world Banks on various projects. The country has developed a plan to use $2.3 billion short term loan from China to meet forex payment requirements. In addition $ Billion of Saudu Arabia and UAE is in the pipeline for supporting Pakistan cahs strapped situation.

Pakistan Tehreek-i-Insaf government has been unable to convince IMF of any major loan at this time. The current inflow of foreign funds is down 61% compared to last year. Foreign funds cash flow situation is in a critical condition in Pakistan.



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