Pakistan, World Bank and ADB sign loan agreements worth USD 750 million

MG News | July 23, 2020 at 07:24 PM GMT+05:00

0:00

July 23, 2020 (MLN): Pakistan has signed loan agreement with World Bank and Asian Development Bank (ADB), amounting to USD 500 million and USD 250 million respectively in Islamabad today.

Accordingly, Pakistan soon will receive total of USD 750 million which would help in shoring up SBP reserves.

As the loan agreements are signed to help country’s economy, therefore, these loans are offered at a very lower interest rate.

Copyright Mettis Link News

Related News

Electricity supply steady in face of seasonal constraints

Ishaq Dar leads Pakistan’s diplomatic push in Riyadh

Govt holds 24 day diesel stocks amid global oil pressure

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,415.00	71,755.00 68,835.00	-1700.00 -2.39%
BRENT CRUDE	109.51	119.13 108.60	2.13 1.98%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.50 -10.37%
ROTTERDAM COAL MONTHLY	123.00	123.00 123.00	1.80 1.49%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	97.57	100.48 94.41	2.11 2.21%
SUGAR #11 WORLD	15.29	15.49 14.76	0.49 3.31%