UPDATE 1-Pakistan to get $3 bln loan from UAE, eyes deferred oil payments | Reuters:
The United Arab Emirates plans to deposit $3 billion in Pakistan’s central bank “in the next few days”, the UAE state news agency WAM reported on Friday, while a Pakistani official said Islamabad also hopes it will allow deferred payments for oil supplies.
Pakistan is battling to bring under control a gaping current account deficit that’s wobbled its economy and lowered growth.
Islamabad is engaged in bailout talks with the International Monetary Fund (IMF) but has also sought financial help from allies China and Saudi Arabia.
No comments:
Post a Comment