Tag: IMF funding

ISLAMABAD: Pakistan has rejected a report claiming that it sold arms and ammunition to Ukraine in order to secure a crucial bailout package from the IMF. Foreign office spokesperson Mumtaz Zahra Baloch on Monday rejected as “baseless and fabricated” the Intercept report saying that cash-strapped country provided the arms to get US support to clinch the $3 billion IMF deal towards the end of June to avoid default. “The IMF standby arrangement for Pakistan was successfully negotiated between Pakistan and the IMF to implement difficult but essential economic...