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IMF willing to support Pakistan in its war against Coronavirus

ISLAMABAD: IMF has shown willingness to help Pakistan that is suffering economically while attempting to contain the menace of Coronavirus.

According to details the IMF has stated that it would consider Pakistan’s request for financial assistance under its Rapid Financing Instrument (RFI) facility to augment the country’s foreign exchange reserves and budgetary support enabling the Pakistan government absorb the shock due to the ongoing Coronavirus pandemic.

IMF Managing Director Kristalina Georgieva has stated: “Our team is working expeditiously to respond to this request so that a proposal can be considered by the IMF’s executive board as soon as possible.”

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.