Pakistan acquires $1.5 billion as foreign assistance during 2MFY20

News Image

MG News | September 24, 2019 at 11:45 AM GMT+05:00

0:00

September 24, 2019 (MLN): Pakistan acquired nearly $1.5 billion worth of foreign assistance from multilateral, bilateral sources and Commercial banks during the first two months of FY20, signifying an increase of 108% over the same period of the previous year.

Apart from the assistance provided by groups mentioned above, Pakistan also obtained grants from countries like Japan, United Stated and United Kingdom, all of which provided assistance worth of $132.3 million.

A breakup of the funds received from bilateral sources shows that Pakistan received $158 million from China, followed by $108 million from Saudi Arabia, $81 million from United Kingdom, $16 million from Japan with, and $12 million from United States.

With respect to multilateral sources, Pakistan received the highest amount of financial assistance from Asian Development Bank with $529 million, followed by Islamic Development Bank with $285m, World Bank Group with $83 million and International Fund for Agriculture Development (IFAD) with $22 million.

Pakistan also received financial support from International Monetary Fund amounting to $1.62 billion during the said period, i.e. nearly twice of the loans received in corresponding of last year.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,570.00 120,695.00
116,660.00
-2665.00
-2.22%
BRENT CRUDE 69.23 69.37
68.60
0.02
0.03%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 0.00
0.00
-0.05
-0.05%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.92 67.09
66.27
-0.06
-0.09%
SUGAR #11 WORLD 16.47 16.51
16.25
0.17
1.04%

Chart of the Day


Latest News
July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May


July 15, 2025 at 04:22 PM GMT+05:00

SYS set for 71% profit surge on global tailwinds


July 15, 2025 at 04:15 PM GMT+05:00

Gold price in Pakistan falls Rs700 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg