Chief of Army Staff (COAS) General Qamar Javed Bajwa has spoken with the rulers of two Gulf countries — the Kingdom of Saudi Arabia (KSA), and the United Arab Emirates (UAE) — to discuss the International Monetary Fund (IMF) programme.
According to media reports, the extended fund facility worth $1.2 billion with the IMF was discussed with the Gulf countries, including the upcoming executive board meeting of the IMF, which is expected to ratify the loan programmme.
It is pertinent to mention that the loan programme reportedly came under discussion and a positive development is expected for Pakistan soon.
The development has taken place a week after the COAS was reported to have reached out to US Deputy Secretary of State Wendy Sherman over resuming the programme with IMF. He appealed to the US to help Pakistan secure an early dispersal of $1.2 billion in funds.