Exclusive-Pakistan aims to secure $4 billion from Middle Eastern banks, says central bank chief
By Ariba Shahid
KARACHI (Reuters) – Pakistan is looking to raise up to $4 billion from Middle Eastern commercial banks by the next fiscal year, the country’s central bank chief said on Tuesday in an interview with Reuters, as the country looks to plug external financing gaps.
State Bank of Pakistan Governor Jameel Ahmad said Pakistan is in the “advanced stages” of securing $2 billion in additional external financing required for the International Monetary Fund’s approval of a $7 billion bailout program.
