IMF to take up Pak's request for financial aid to cope with Covid-19 crisis

On March 4, the IMF had announced that it would support vulnerable countries with different lending facilities

The International Monetary Fund (IMF) has said it would consider Pakistan's request for financial assistance to cope with the challenges being posed by the novel coronavirus outbreak in the country. The Covid-19 cases in Pakistan on Saturday rose to over 1,320, including 11 deaths.

Cash-strapped Pakistan had requested for financial assistance under the IMF's Rapid Financing Instrument (RFI) facility to shore up the country's foreign exchange reserves and budgetary support in the wake of the adverse impact of the global coronavirus pandemic on its economy.

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