Pakistan says it has met all conditions for a new $7bn dollar IMF loan
PAKISTAN’S Prime Minister Shehbaz Sharif said on Thursday that his country has met all the conditions set by the International Monetary Fund to qualify for a new $7 billion (£5bn) loan to help prop up its economy.
During a cabinet meeting, Mr Sharif praised his finance team and other advisers for complying with the requirements set by the IMF, which is expected to sign a formal approval to the loan on September 25, when the global lender’s board of executive directors is scheduled to meet.
Mr Sharif specially thanked China for helping Pakistan to secure the bailout, but declined to provide further details.
More from this author
ROGER McKENZIE looks back 60 years to the assassination of Malcolm X, whose message that black people have worth resonated so strongly with him growing up in Walsall in the 1980s
ROGER McKENZIE welcomes an important contribution to the history of Africa, telling the story in its own right rather than in relation to Europeans
Similar stories
