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KARACHI:The executive board of the Inter adidas spezial national Monetary Fund (IMF) will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the fund said on Wednesday.The funding is the second and last tranche of a $3 billion standby arrangement with the IMF, which was secured last summer to avert a sovereign defaul adidas adilette damen t and which runs out this month.The country is seeking a new long-term, larger IMF loan. Finance Minister Muhammad Aurangzeb has said Islamabad could secure a staff-level ag jordan rose reement on the new programme by early July.Islamabad says it is seeking a loan over at least three years to help macroeconomic stability and execute a long-due and painful structural reforms, though Aurangzeb has declined to detail what size of programme the country seeks.Read also: Aurangzeb foresees $10b reserves with IMF nodIslamabad is yet to make a formal request, but the Fund and the government are already in discussions.If secured, it would be the 24th IMF bailout for Pakistan.The $350 Ivpt Bollywood icon Irrfan Khan suffering from neuroendocrine tumour
ISLAMABAD:Prime Minister Shehbaz Sharif on Friday expressed the hope that the interaction with the delegation of the Saudi businessmen expected to visit nike airforce Pakistan in the next few days would prove productive.The prime minister, who chaired a high-level meeting to review the progress on the Saudi investment and proje air force uomo cts in the country, directed the authorities concerned to accord warm hospitality to the delegation.The participants were briefed about the upcoming visit of the Saudi businessmen and their expected investment in different secto cheap dunks rs.The prime minister thanked the Saudi leadership for promoting investment in Pakistan and taking measures for the country 39 s progress and prosperity.
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