The Chief of Army Staff, General Qamar Javed Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the International Monetary Fund in order to help stabilize Pakistan's shrinking economy. Deputy Secretary of State Wendy Sherman, according to security sources, spoke with the army chief earlier this week. It is stated that the army chief made a plea to the White House and Treasury Department to get the IMF to immediately supply the almost $1.2 billion that the country is slated to receive under a reopened loan program. "Staff-level approval" for the loan was granted by the International Monetary Fund (IMF) on July 13. IMF Executive Board clearance is required before the transaction can be completed as part of Pakistan's $6 billion Extended Fund Facility. The International Monetary Fund (IMF) will be on vacation for the next three weeks, and its board will not meet until late August at the earliest. According to an IMF official wh
Pakistan has made inroads into the World Test Championship standings.
Pakistan's amazing victory against Sri Lanka in the first Test in Galle has resulted in a massive shift inside the top five on the World Test Championship standings.
On Wednesday, 20 July, Babar Azam's team successfully chased down 342 runs to achieve a remarkable four-wicket victory over Sri Lanka, boosting their prospects of participating in next year's World Test Championship final.
With the victory, Pakistan moves past of Sri Lanka and into third position in the World Test Championship standings, with only South Africa (71.43 percent) and Australia (70 percent) ahead of the Asian team.
Sri Lanka, however, drops three places to sixth in the standings with a 48.15 win-loss percentage.
As a consequence, India moves up to fourth place (52.08 percent) while the West Indies go up to fifth place (50 percent) ahead of the second Test between Sri Lanka and Pakistan in Galle next week on July 24,2022.
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