Army chief Bajwa reaches out to UAE, Saudi Arabia for crucial bailout package amid Pak economic crisis

by Akankshya Mahapatra
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Days after seeking US help in securing an early release of a crucial USD 1.7 billion instalment from the IMF to Pakistan, Army chief General Qamar Javed Bajwa has now reached out to Saudi Arabia and the UAE as part of his efforts to ensure financial assistance for the cash-strapped nation, according to a media report on Saturday.

As the Executive Board of the International Monetary Fund is set to meet later this month to formally approve the next tranche of USD 1.2 billion instalments, the international lender wants Pakistan to ensure it receives commitment from its friends for financial assistance, the Express Tribune newspaper reported.

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