Prime minister Shehbaz Sharif spoke to Chinese State Council Premier Li Keqiang on Thursday, after his telephonic conversation with International Monetary Fund (IMF) managing director Kristalina Georgieva, in what appear to be intense efforts to secure financial support that Pakistan desperately needs. At the same time, Chief of Army Staff General Syed Asim Munir is […] The post Intense Efforts Underway To Avert Economic Crisis appeared first on The Friday Times - Naya Daur.
Federal Finance Minister Ishaq Dar on Tuesday announced that Pakistan had received US$500 million in “program financing” from the Asian Infrastructure Investment Bank (AIIB). The monies were transferred in line with an AIIB board green-light to the State Bank of Pakistan (SBP). “Asian Infrastructure Investment Bank (AIIB) has transferred today, as per their Board’s approval, […] The post ‘Pakistan Will Not Default’ appeared first on The Friday Times - Naya Daur.