Watch: Cash-strapped Pakistan attracts investors with belly dancers
Story highlights
Sarhad Chamber of Commerce and Industry or SCCI based in Peshawar organised the conference from September 4 to 8 in Azerbaijan.
Keen to woo global investors, Pakistan's Sarhad Chamber of Commerce organised a Khyber Pakhtunkhwa Investment Opportunities Conference in Azerbaijan's capital Baku which had belly dancers among major attractions.
Sarhad Chamber of Commerce and Industry or SCCI based in Peshawar organised the conference from September 4 to 8 in Azerbaijan.
Pakistan's economy is facing the heat and for that country's Prime Minister Imran Khan has been going to UAE, China and speaking to International Monetary Fund (IMF) for a bailout. Pakistan got a loan of $3 million from UAE to support its economy.
IMF team will visit Pakistan in mid-September from 16-20 as part of Islamabad's technical work program.
Earlier this year, the IMF agreed on a $6billion bailout for Pakistan's beleaguered economy for three-years.
Since the 1980s, this is the 13th bailout the South Asian country is receiving. The last time Pakistan government got a bailout from IMF was in 2013.
The global rating agency Standard & Poor's (S&P) downgraded Pakistan from B to B- with a stable outlook in the first week of February due to diminished growth prospects.
)