Pakistan is expected to receive $2 billion from Qatar which would beavailed over a period of 12 months.
This was revealed by the acting governor of the State Bank of Pakistan Dr.Murtaza Syed in analyst briefing. He stated that the funding from the gulfcountry would aid in easing the tight fiscal situation being faced by thecountry.
Dr. Syed stated that the announcement regarding funding may or may not beannounced during Prime Minister Shehbaz Sharif’s upcoming two-day visit toQatar on 23-24 August.
Dr. Syed also said that Saudi Arabia would also provide Pakistan with anoil financing facility of $1 billion, while UAE will also investapproximately a similar amount in the country. The said funds are alsoexpected over a period of the next 12 months, he added.
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It is pertinent to mention here that the International Monetary Fund (IMF)had asked Pakistan to secure funding from other countries if it wants toavail of its bailout.
