To help the cash-strapped country deal with the climate disaster, an emergency plan costing USD 160 million was launched. U.N. Secretary-General Antonio Guterres will travel to Pakistan next week for a show of support as the country and its millions of inhabitants deal with the aftermath of “epochal” amounts of rain and flooding. Secretary-General…
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IMF and the government announced on Monday that the IMF board had approved the seventh and eighth assessments of Pakistan’s bailout programme. This will allow more than $1.1 billion to flow into the cash-strapped economy. The IMF agreed to extend the programme for one more year and increase funding by 720 million SDRs, which…
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