October 2, 2022
Pakistan approached to Emirates-Saudi Arabia

Pakistan approached to Emirates-Saudi Arabia

Pakistan approached to Emirates-Saudi Arabia

Pakistan has turned to the United Arab Emirates and Saudi Arabia to solve the ongoing economic crisis.

Pakistan’s army chief discussed with the two countries on Saturday (06 August) for the International Monetary Fund or IMF loan.

Meanwhile, former Prime Minister Imran Khan has given an ultimatum to announce the date of national elections within a month. News Voice of America.

Pakistan’s economy is in turmoil due to the depreciation of the rupee against the dollar, skyrocketing inflation and energy crisis.

The country is working hard to overcome the crisis.

International Monetary Fund (IMF) Pakistan has asked for a loan of 1.2 billion dollars or 1.2 billion dollars from the organization.

According to the media, Pakistan has resorted to various countries to get a quick discount on this debt.

Following this, Pakistan Army Chief General Qamar Javed Bajwa sought cooperation from the United Arab Emirates and Saudi Arabia on Saturday (06 August).

According to the Pakistani media Geo News, not only Saudi Arabia or the United Arab Emirates, Pakistan is in talks with various parties to get IMF loans.

Pakistan’s army chief also discussed with the US to avoid the risk of defaulting. He asked for help from the country to write off the debt quickly.

Pakistan approached to Emirates-Saudi Arabia

Pakistan’s foreign exchange reserves are now less than 10 billion, with which it can handle only five weeks of import expenses.

The country currently has 233 rupees against one dollar. In this situation, the country is approaching various development organizations to solve the crisis.

Meanwhile, PTI leader and former Prime Minister Imran Khan has given Shahbaz government a deadline of one month to announce

the date of national elections in the country despite the ongoing unrest. At the same time, he has announced to be

the only candidate in the by-election of 9 constituencies to be held in the country next month.