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Pakistan gathers financial assistance worth $321 million from bilateral, multilateral sources

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August 23, 2019 (MLN): Pakistan has acquired around $321.25 million as foreign economic assistance in the first month of FY-2020, from multiple bilateral and multilateral sources.

Going by the details provided by Economic Affairs Divisions (EAD), foreign assistance extended from multilateral sources during the month totaled $221.8 million.

IDB (S-term) emerged as the primary lender within multilateral group, as it disbursed nearly $137 million to Pakistan. The second highest source of multilateral financing is IDA with an assistance of $41.5 million during the said period. Another significant source of assistance was IFAD, with a disbursement of $17.4 million.

On the other hand, the collective disbursement from bilateral donors amounted to $99.4 million during the aforementioned period. Within this category, China emerged as the greatest source of assistance during the year, with a loan of $54.2 million. This was followed by UK, as it disbursed loans amounting to $37.1 million.

All in all, Pakistan received around $494.5 million worth assistance after taking into account loans from multilateral, bilateral sources as well as Commercial Banks.

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Posted on: 2019-08-23T14:58:00+05:00