{"id":278869,"date":"2022-08-23T08:47:41","date_gmt":"2022-08-23T03:47:41","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=278869"},"modified":"2022-08-23T08:47:41","modified_gmt":"2022-08-23T03:47:41","slug":"qatar-to-give-2b-support-to-pakistan","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/qatar-to-give-2b-support-to-pakistan\/","title":{"rendered":"Qatar to give $2b support to Pakistan"},"content":{"rendered":"

Pakistan will also receive $1 billion in oil financing from Saudi Arabia, says a Bloomberg report
\nislamabad
\nIn order to help ease Pakistan\u2019s funding crunch and consequent risk of default, Qatar is expected to give Islamabad funds worth $2 billion in bilateral support, Bloomberg reported Monday.
\nAhead of the International Monetary Fund\u2019s (IMF) board meeting scheduled to be held on August 29, Pakistan has secured financing worth $4 billion from friendly countries \u2014 which was a prerequisite to reviving the stalled Fund programme.
\nPakistan will also receive $1 billion in oil financing from Saudi Arabia and a similar amount in investments from the UAE.
\nState Bank of Pakistan Acting Governor Murtaza Syed in a briefing said: \u201cAll the funds are expected over twelve months.\u201d
\nSyed said that Prime Minister Shehbaz Sharif is travelling to Qatar on August 23 and 24 and an announcement of the assistance from Doha may or may not be announced during the trip.
\nEarlier today, Finance Minister Miftah Ismail met his Qatari counterpart Ali bin Ahmed Al-Kuwari to discuss bilateral relations and explore areas of joint cooperation.
\nThe assistance will improve the position of the foreign exchange reserves and will further strengthen the local rupee \u2014 which was the best performer globally this month according to data tracked by Bloomberg.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pakistan will also receive $1 billion in oil financing from Saudi Arabia, says a Bloomberg report islamabad In order to help ease Pakistan\u2019s funding crunch and consequent risk of default, Qatar is expected to give Islamabad funds worth $2 billion in bilateral support, Bloomberg reported Monday. Ahead of the International Monetary Fund\u2019s (IMF) board meeting […]<\/p>\n","protected":false},"author":2,"featured_media":278877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[10265,2416,20,1386,1319],"class_list":{"0":"post-278869","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news","8":"tag-ali-bin-ahmed-al-kuwari","9":"tag-miftah-ismail","10":"tag-pakistan","11":"tag-qatar","12":"tag-support"},"yoast_head":"\nQatar to give $2b support to Pakistan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/qatar-to-give-2b-support-to-pakistan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qatar to give $2b support to Pakistan\" \/>\n<meta property=\"og:description\" content=\"Pakistan will also receive $1 billion in oil financing from Saudi Arabia, says a Bloomberg report islamabad In order to help ease Pakistan\u2019s funding crunch and consequent risk of default, Qatar is expected to give Islamabad funds worth $2 billion in bilateral support, Bloomberg reported Monday. 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