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

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	186,727.24 325.25M	0.90% 1669.41
ALLSHR	112,100.75 688.23M	0.81% 901.76
KSE30	57,241.54 142.81M	0.76% 432.54
KMI30	264,712.59 89.21M	0.73% 1906.01
KMIALLSHR	72,134.24 330.84M	0.76% 542.30
BKTi	54,171.97 87.98M	1.00% 537.12
OGTi	38,863.16 7.93M	-0.06% -22.25

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,565.00	79,435.00 77,870.00	360.00 0.46%
BRENT CRUDE	65.46	66.64 65.19	-0.84 -1.27%
RICHARDS BAY COAL MONTHLY	90.00	0.00 0.00	-4.75 -5.01%
ROTTERDAM COAL MONTHLY	102.50	0.00 0.00	0.55 0.54%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	61.39	62.46 61.12	-0.75 -1.21%
SUGAR #11 WORLD	14.37	14.40 14.21	0.11 0.77%