Army chief steps in to shore up hard cash

As economic turmoil and depreciating rupee send inflation skyward, Chief of the Army Staff (COAS) General Qamar Javed Bajwa has swung into action, reaching out to Washington to push the IMF to immediately release nearly $1.2 billion Pakistan needs to stave off serious upheaval.

The army chief’s ‘appeals’ to the United States are in tandem with his discussions with Prime Minister Shehbaz Sharif over measures for the restoration of confidence in the economy.

Meanwhile, the civilian leadership has also separately contacted the US’ top diplomat in Islamabad, seeking his help to unlock another $1.4 billion funds from the World Bank and the Asian Infrastructure Investment Bank (AIIB), a top government functionary confirmed to The Express Tribune….

Read the full story at the express tribune website.