IMF’s funding of $1.4 billion, ordinance for construction sector to be approved today

MG News | April 16, 2020 at 01:46 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 16, 2020 (MLN): Today, the International Monetary Fund (IMF) will approve $1.4 billion for Pakistan over a single year to meet urgent Balance of Payment needs through Rapid Financing Instrument to confront the COVID-19 shock.

Advisor on Finance to PM, Dr. Hafeez Shaikh said to media that this emergency funding will help the government to help combat COVID-19 and to address support policies that would help daily wage earners, lower-income groups and the healthcare system.

Further, he said the government has prepared the ordinance for the construction sector and this package will likely be approved by President of Pakistan today.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	173,518.82 409.23M	-3.56% -6408.23
ALLSHR	105,463.40 895.64M	-3.48% -3807.29
KSE30	51,709.62 172.22M	-3.72% -1996.09
KMI30	244,367.91 157.85M	-3.61% -9164.01
KMIALLSHR	67,803.26 534.35M	-3.35% -2349.37
BKTi	49,017.52 55.15M	-3.88% -1979.98
OGTi	34,971.98 16.59M	-3.44% -1244.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,860.00	64,300.00 61,925.00	1510.00 2.42%
BRENT CRUDE	85.44	87.55 83.68	2.14 2.57%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	119.30	119.50 118.50	-0.20 -0.17%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	79.69	81.27 77.86	1.55 1.98%
SUGAR #11 WORLD	14.80	14.88 14.67	0.05 0.34%