Pakistan secured another bailout package of $3 billion from Qatar on Monday.
Qatar is the fourth Gulf state that has come forward to rescue Pakistan from financial default.
The United Arab Emirates provided $2 billion cash deposit, Saudi Arabia provided $3 billion cash deposit and $3.2 billion oil facility on deferred payments.
China gave $4.6 billion in shape of deposits and commercial loans.
Prime Minister’s Finance Advisor Dr Abdul Hafeez Shaikh said on Twitter, “I want to thank the Emir of Qatar HRH Sheikh Tamim Bin Hamad Al Thani for announcing $3 billion in deposits and direct investments for Pakistan.”
The inability of the successive governments to enhance exports has increased the country’s reliance on creditors.
