A mission of the IMF will reach Pakistan in the last week of April and the financial bailout package will be finalized on arrival of the delegation, Umar told a session of the National Assembly's standing committee on finance today.
ISLAMABAD: The United Arab Emirates (UAE) finalized a financial package of $6.2 billion for Pakistan, ARY News reported. Sources relayed that the UAE package comprises of $3.2bn worth of oil supplies on deferred payment and a $3bn cash deposit. The package is expected to be announced by UAE Crown Prince Sheikh Mohammed bin Zayed Al Nahyan during his scheduled visit of Pakistan which on January 6. According to an official familiar with the matter, the UAE package will be under the same terms and conditions as given…
KARACHI: China will deposit US$ two billion with Pakistan to help the country in its balance of payment crisis, Ministry of Finance sources told ARY News. The expected two billion dollars are likely to be received in a single tranche this month, the sources further said. The United Arab Emirates (UAE) also expected to provide a similar package to Pakistan including the loan and deferred payment facility for the oil. Finance Minister Asad Umar in a recent interview had said that Pakistan's balance of payment crisis…