Prime Minister Shahbaz Sharif praised Chief of Army Staff (COAS) General Asim Munir for securing financial commitments from friendly nations, a key condition set by the International Monetary Fund (IMF) to release a $6.5 billion credit line.
Finance Minister Ishaq Dar announced the United Arab Emirates’ assurance of a $1 billion loan to Islamabad and Saudi Arabia’s $2 billion loan commitment.
During a ruling coalition parties meeting, PM Sharif stated that the IMF agreement was nearing completion. Securing loans to bridge the external financing gap was one of the last conditions to revive the stalled $6.5 billion bailout package.
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The prime minister expressed his appreciation for the efforts made by Finance Minister Ishaq Dar and Foreign Minister Bilawal Bhutto Zardari in the process.
PM Sharif also highlighted the unity of the coalition government in overcoming the country’s challenges, emphasizing their commitment to progress and addressing matters of mutual interest with Chinese Premier Li Qiang later this month.
