Pakistan receives cumulatively $5.78 billion foreign aid in 1HFY20

By MG News | January 22, 2020 at 11:35 AM GMT+05:00
January 22, 2020 (MLN): Pakistan has received nearly $5.78 billion worth assistance after taking into account loans and grants from multilateral, bilateral, Saudi Arabia-Short term loans as well as Commercial Banks during 1HFY20.
Going by the details provided by the Economic Affairs Division (EAD), Pakistan received around $3.576 billion as foreign economic assistance from multiple bilateral and multilateral sources in the first six months (Jul-Dec) of FY20.
Foreign assistance obtained by Pakistan through multilateral sources during the period totalled $2.86 billion where ADB emerged as the primary lender within the multilateral group, as it disbursed loans approximately $2.15 billion to Pakistan during 1HFY20, whereas, Pakistan received a total grant of $37.53.
Regarding grants, ADB disbursed $13.92 million on the project of Enhancing Public-Private Partnership in Sindh, Pakistan, whereas it gave economic assistance of $13.38 million on ‘National Highway Network Development program N-50 & N-70’project.
During the period under review, ADB, moreover, disbursed $4.74 million grant on project ‘Punjab Basmati Rice Value Chain project’.
The second highest source of multilateral financing is IDB (S-term) with the assistance of $408.21 million during the said period.
On the other hand, the collective disbursement from bilateral donors amounted to $710.67 million during the aforementioned period. Within this category, China emerged as the greatest source of assistance during the period, with a loan of $391.76 million, while the grant from the UK valued at $121.71 million.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 129,471.46 102.40M |
0.99% 1272.04 |
ALLSHR | 80,592.90 283.43M |
1.01% 805.28 |
KSE30 | 39,593.46 35.03M |
1.25% 488.46 |
KMI30 | 188,252.51 31.42M |
0.72% 1336.90 |
KMIALLSHR | 54,546.26 122.05M |
0.64% 344.38 |
BKTi | 34,430.72 17.34M |
2.85% 954.04 |
OGTi | 28,079.76 2.66M |
0.42% 117.18 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 106,725.00 | 106,760.00 105,440.00 |
975.00 0.92% |
BRENT CRUDE | 67.20 | 67.29 67.05 |
0.09 0.13% |
RICHARDS BAY COAL MONTHLY | 97.50 | 97.50 97.50 |
0.70 0.72% |
ROTTERDAM COAL MONTHLY | 103.80 | 103.80 103.80 |
-3.45 -3.22% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 65.50 | 65.65 65.34 |
0.05 0.08% |
SUGAR #11 WORLD | 15.70 | 16.21 15.55 |
-0.50 -3.09% |
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 |
---|