Pakistan acquires $1.63 billion as foreign assistance via bilateral and multilateral sources during Jul-Nov FY20

MG News | December 23, 2019 at 04:45 PM GMT+05:00
December 23, 2019 (MLN): Pakistan has acquired around $1.63 billion as foreign economic assistance during Jul-Nov FY20 from bilateral and multilateral sources.
According to the details provided by the Economic Affairs Division (EAD), foreign assistance obtained by Pakistan through multilateral sources during the period totalled $1.14 billion.
Asian Development Bank (ADB) emerged as the primary lender within the multilateral group, as it disbursed loans approximately $591.48 million to Pakistan during Jul-Nov FY20. While it gave economic assistance as conditional grants of $15.25 on projects of Enhancing Public-Private Partnership in Sindh, Motorway M-4 Gojra-Sorkot and National Highway Network Development Program N-50 & N-70.
The second highest multilateral financer is IDB (S-term) with the assistance of $351 million during the said period.
On the bilateral front, the collective disbursement from donors amounted to $489.29 million during the aforementioned period. Within this category, China appeared as the greatest source of assistance during the period, with a loan of $298.14 million. Whereas the UK granted the amount pegged at $113.14 million.
All in all, Pakistan received nearly $2.96 billion worth assistance after taking into account loans from multilateral, bilateral, Saudi Arabia-Short term loans as well as Commercial Banks.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 136,201.33 145.18M |
0.19% 261.45 |
ALLSHR | 84,582.41 412.04M |
-0.02% -17.97 |
KSE30 | 41,498.34 47.65M |
0.30% 124.66 |
KMI30 | 191,049.81 46.11M |
-0.01% -20.16 |
KMIALLSHR | 55,677.58 188.50M |
-0.11% -60.49 |
BKTi | 38,036.11 12.77M |
-1.18% -453.64 |
OGTi | 27,647.76 5.09M |
-0.51% -140.39 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 118,430.00 | 118,635.00 117,255.00 |
1690.00 1.45% |
BRENT CRUDE | 68.66 | 69.09 68.65 |
-0.05 -0.07% |
RICHARDS BAY COAL MONTHLY | 96.50 | 96.50 96.50 |
0.50 0.52% |
ROTTERDAM COAL MONTHLY | 104.50 | 0.00 0.00 |
-1.05 -0.99% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.61 | 67.01 66.60 |
0.09 0.14% |
SUGAR #11 WORLD | 16.60 | 16.62 16.55 |
0.04 0.24% |
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 |
---|