According to Dawn, the belt-tightening comes as the government is trying to resume a stalled loan programme of the International Monetary Fund (IMF) to secure funds worth USD 1 billion. The premier said an agreement with the Fund was in its final stages.
The fresh drop came after the government failed to make any headway in its talks with the International Monetary Fund (IMF) for the revival of its stalled USD 6.5 billion loan programme.
To pave the way for a staff-level agreement and release of $1 billion tranche under the Extended Fund Facility (EFF), a timeframe of two to three weeks has been given for implementing "all required actions".
Islamabad [Pakistan], August 5 (ANI): Chief of Pakistan Army, General Qamar Javed Bajwa, held a conversation with the authorities of the United Arab Emirates and Saudi Arabia and discussed disbursement under the International Monetary Fund (IMF) loan programme.