Pakistan hopes to secure USD4.5 billion more from the International Monetary Fund in June in the event that funding from the Friends of Democratic Pakistan is deferred. The Asian nation,

reported, is set to receive USD2.5 billion in foreign aid by end-June. The World Bank and Asian Development Bank are said to be keen to back the nation's megadam projects.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.