The United Arab Emirates has confirmed to the International Monetary Fund that it will provide support of $1 billion to Pakistan, the South Asian country's finance minister said on Friday.

• The commitment is one of the requirements that the fund has said it needs to move ahead on a months-long delayed bailout package to shore up the country's struggling economy.
• The IMF's managing director Kristalina Georgieva said the previous day the fund was also in talks with friendly countries of Pakistan to provide financial assurances so it can complete the programme.
• Saudi Arabia last week had also told the IMF it will provide $2 billion in financing to Pakistan