Pakistan approaches Saudi Arabia, UAE to meet IMF conditions.

ISLAMABAD -- The Pakistani government has approached Saudi Arabia and United Arab Emirates (UAE) to meet International Monetary Fund (IMF) conditions, media reported on Saturday.

As per details, the Prime Minister's Office and Finance Ministry officials have contacted the Saudi Arabian and UAE officials but so far no response has been received yet.

The IMF has demanded Pakistani government get a written guarantee from the friendly countries for the deposit.

Sources said that Saudi Arabia and UAE have sought some time to assure the IMF regarding the deposit and did not respond to the request yet.

The government will inform the IMF officials when the friendly countries respond to the request. After the assurance, the IMF will hold a virtual meeting with Pakistani officials, sources added.

According to sources within the finance ministry, all the other matters are sorted out with IMF regarding the bail-out package.

Earlier, the International...