Pakistan's Foreign Ministry dismissed a report claiming that the country sold its weapons to Ukraine to secure an emergency bailout package from the International Monetary Fund (IMF).
Amid a severe financial crisis plaguing Pakistan on multiple fronts, frustration among the population has reached its peak as the government has decided to privatize the country's national carrier, Pakistan International Airlines (PIA).
A Secret Pakistani arms sales to the US helped facilitate a controversial bailout from the International Monetary Fund (IMF) earlier this year, as per two sources aware of the arrangement, with confirmation from internal Pakistani and American government documents, The Intercept reported.
Kristalina Georgieva, the Managing Director and Chairman of the International Monetary Fund (IMF) arrived in the national capital on Thursday to attend the G20 Summit to be held on September 9-10.
Crypto common framework may emerge as one of the major achievements of India's presidency of G20, which has been agreed by the participating nation, according to official sources.
As Pakistan continue to face economic challenges, the International Monetary Fund has made it tougher for the country to manage by rejecting the proposal for any tariff adjustment or provision of additional subsidy, Geo News reported.
“It is not a very serious issue, but political parties are in election mode and using it as a social cause,” the interim prime minister told senior journalists and news anchors on Friday.
The inflation rate for food remained high at 38.5 per cent in August, according to figures from Pakistan's statistics department, despite a minor decline from July's 28.3 per cent rate.