Pakistan seeks $1.4 billion IMF loan to tackle economic slowdown from COVID-19 – Arab News

Pakistan seeks $1.4 billion IMF loan to tackle economic slowdown from COVID-19 – Arab News

Pakistan seeks $1.4 billion IMF loan to tackle economic slowdown from COVID-19 /node/1647256/business-economy. ISLAMABAD: Pakistan is seeking another $1.4 billion loan from the International Monetary Fund (IMF) to help it deal with the economic slowdown from the coronavirus, government finance adviser Abdul Hafeez Shaikh said on Wednesday.. The government will also be seeking more support from the World Bank and Asian Development Bank, Sheikh added.. MAF CEO Alain Bejjani: We are engaging with the (Saudi) government to try to get some special process for delivery to people during curfew hours. MAF said that there had been a 50 percent rise in online sales this month, sales of liquid cleaners and soaps were up by about 1,000 percent, while there was also big demand for freezers. We are engaging with the government to try to get some special process for delivery to people during curfew hours," Bejjani said.. Saudi Arabia is very important as a consumer market, but it is also a big production center for us," he said.. But the virus outbreak has led to a big increase in sales at Carrefour stores in Saudi Arabia and elsewhere.. Saudi Arabia is a great cinema market and we are looking