ISLAMABAD: The approval of the $7 billion loan program for Pakistan from the Executive Board of the International Monetary Fund (IMF) has been further delayed. Pakistan was not included.
According to the details, the IMF Executive Board meeting will be held on September 18, in which the board will approve the 7th review of Suriname. The dollar is facing difficulties in bridging the external financing gap.
According to the sources, Pakistan has applied for a commercial loan of 1.75 billion dollars, Pakistan has requested a loan of 40 billion dollars from the Islamic Trade Finance Corporation, 35 billion dollars from the Islamic Development Bank, and 1.2 billion dollars from Saudi Arabia to fulfill the condition of external financing.
