RAWALPINDI, August 5(ABC): A week after the army chief was reported to have reached out to senior administration officials in the US over resuming the program with the International Monetary Fund (IMF), he has now reached out to the rulers of friendly gulf countries.
Chief of Army Staff General Qamar Javed Bajwa spoke with the rulers of both Saudi Arabia and the United Arab Emirates (UAE), two friendly countries in the Arabian Gulf.
Per reports, the extended fund facility worth $1.2 billion with the IMF was discussed with the friendly countries, including the upcoming executive board meeting of the IMF which is expected to ratify the loan program.
Sumaira said that per sources “good news” for Pakistan’s economy is expected soon as a result of the talks.
Last week, COAS Gen Bajwa had urged US to help secure early release of IMF funds.
In the report, Nikkei Asia claims that Army Chief General Qamar Javed Bajwa spoke via telephone with US Deputy Secretary of State Wendy Sherman earlier this week.
Pakistani and American sources told Nikkei Asia that Gen Bajwa urged the White House and the US Treasury Department – both of whom are believed to have a degree of influence over the International Monetary Fund (IMF), to immediately supply nearly $1.2 billion to Pakistan.
