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UAE approves additional USD 1 billion funding to Pakistan: Finance Minister Dhar

UAE approves additional USD 1 billion funding to Pakistan: Finance Minister Dhar
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UAE approves additional USD 1 billion funding to Pakistan: Finance Minister Dhar

Pakistan is tackling a major economic crisis as it awaits a much-needed USD 1.1 billion tranche of funding from the Washington-based International Monetary Fund, part of a USD 6.5 billion bailout package the IMF approved in 2019

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Beleaguered Pakistan crawls closer to IMF bailout as UAE doles out another $1 billion

The IMF, earlier this week, lowered its forecast for Pakistan s economic growth rate from 2 per cent to just 0.5 per cent for the current fiscal year

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Pakistan Crisis: UAE Approves Additional $1 Billion In Aid, Says Finance Minister Ishaq Dhar

Pakistan Crisis: UAE Approves Additional $1 Billion In Aid, Says Finance Minister Ishaq Dhar
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Pak government to implement interest-free banking system by 2027

The announcement came with Finance Minister Dhar conveying the government s intention of withdrawing its appeals against the Federal Shariat Court s April decision of eliminating interest from the country in five years.

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