Pakistan is likely to receive $2bn from AIIB, ADB
MG News | September 15, 2022 at 12:40 PM GMT+05:00
September 15, 2022 (MLN): The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) are likely to lend Pakistan $2 billion by the end of October, a press release showed on Thursday.
Of the total $2bn, the ADB will provide $1.5bn whereas the AIIB will provide $0.5bn.
The funds come at a time of dire need for Pakistan which is struggling to secure foreign exchange in order to meet $32bn gross external financing requirements for the FY23.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 170,905.50 160.23M | 0.61% 1040.97 |
| ALLSHR | 103,363.26 380.99M | 0.62% 638.14 |
| KSE30 | 52,020.77 73.46M | 0.68% 350.35 |
| KMI30 | 246,248.47 61.75M | 0.83% 2017.65 |
| KMIALLSHR | 67,621.35 213.34M | 0.71% 479.52 |
| BKTi | 45,637.99 18.86M | 0.28% 126.74 |
| OGTi | 34,374.98 15.51M | 1.74% 587.93 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 89,770.00 | 90,250.00 87,745.00 | -670.00 -0.74% |
| BRENT CRUDE | 61.43 | 61.50 61.07 | 0.31 0.51% |
| RICHARDS BAY COAL MONTHLY | 91.00 | 0.00 0.00 | 1.00 1.11% |
| ROTTERDAM COAL MONTHLY | 97.30 | 0.00 0.00 | 0.60 0.62% |
| USD RBD PALM OLEIN | 1,016.00 | 1,016.00 1,016.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 57.72 | 57.80 57.38 | 0.28 0.49% |
| SUGAR #11 WORLD | 15.10 | 15.27 14.83 | 0.25 1.68% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
× ![]()