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Ailing Pakistan gets $3 billion bailout from Qatar

The United Arab Emirates also provided USD 2 billion cash deposit. Qatar's financial assistance was announced by its foreign minister Sheikh Mohammed bin Abdulrahman Al Thani.

The Gulf state is the fourth nation that has come forward to rescue Pakistan from default during past 11 months as the government of Prime Minister Imran Khan tries to overcome a ballooning balance-of-payments crisis. (IE photo)

Cash-strapped Pakistan on Monday secured a bailout package of USD 3 billion from oil-rich Qatar, a day after Emir Sheikh Tamim bin Hamad concluded his visit to Islamabad and agreed to cooperate in the fields of ...

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