COAS reaches out to UAE, Saudi Arabia for bailout package

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ISPR confirms Gen Bajwa received a telephone call from UAE President Sheikh Mohamed bin Zayed al-Nahyan

Days after speaking to the US deputy secretary of state, army chief General Qamar Javed Bajwa has now reached out to Saudi Arabia and the United Arab Emirates (UAE) as part of efforts to ensure financial assistance for Pakistan.

As the Executive Board of the International Monetary Fund (IMF) is set to meet later this month to formally approve the next tranche of $1.2 billion instalment, the international lender wants Pakistan to ensure it receives commitment from its friends for financial assistance.

It is believed that the IMF has asked Pakistan to provide firm guarantees that its friends would provide $4 billion for its external requirements.

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