COAS appeals US to help expedite Pakistan-IMF deal. Chief of Army Staff General Qamar Javed Bajwa has appealed to the United States to help Islamabad secure an early dispersal of $1.2 billion in funds under an International Monetary Fund loan programme.<\/p>\n
According to a foreign media outlet report, General Qamar Javed Bajwa telephoned US Deputy Secretary of State Wendy Sherman and appealed to her to expedite the $1.2bn dispersal by the IMF.<\/p>\n
Read more:\u00a0Fitch & Moody\u2019s expect IMF to disburse funds to Pakistan in third quarter<\/a><\/strong><\/em><\/p>\n It is pertinent to mention that Pakistan and the IMF reached a staff-level agreement over the release of the funds to support the country\u2019s fragile economy. The staff-level agreement will pave way for a $1.2 billion disbursement, which is expected in August.<\/p>\n Pakistan is expected to receive $1.2 billion from the\u00a0International Monetary Fund<\/a>, which may help alleviate strain on the country\u2019s currency and bonds, according to Fitch Ratings and Moody\u2019s Investor Service, Bloomberg reported on Wednesday.<\/p>\n \u201cWe assume IMF board approval of Pakistan\u2019s new staff-level agreement,\u201d said Krisjanis Krustins, a Hong Kong-based Fitch director. \u201cThis will unlock significant additional financing from the IMF and other multilateral and bilateral sources, as well as provide a significant boost to market confidence.\u201d<\/p>\n Pakistan\u2019s rupee has fallen more than its peers in frontier markets such as dong and togrog.<\/p>\n Pakistan is expected to secure $1.2 billion from the IMF, which may help ease pressure on the nation\u2019s currency and bonds, according to Fitch and Moody\u2019s https:\/\/t.co\/J6I66gRLWd<\/a><\/p>\n — Bloomberg (@business) July 27, 2022<\/a><\/p><\/blockquote>\n\n