UAE and China promise Pakistan $1.3 bln to get IMF deal on track

Karachi (AFP) April 14, 2023

Pakistan announced financial support Friday from the United Arab Emirates and China totalling $1.3 billion, giving the ailing economy a shot in the arm as it seeks to meet conditions for the resumption of an International Monetary Fund bailout.

Finance Minister Ishaq Dar said the UAE had promised a billion dollars to prop up Pakistan’s forex reserves – which at their current level of $4.04
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