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

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

Add Mettisglobal as a Trusted Source on Google

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

Petrol price edges up Rs0.39, diesel rises Rs2.40

BFC Islamabad facilitates Rs6.6bn investment, 20,000 jobs in first year

PM Shehbaz Sharif hails Moody’s upgrade of Pakistan’s credit rating to B3

Name	Price/Vol	%Chg/NChg
KSE100	176,966.69 443.75M	-0.11% -199.84
ALLSHR	107,599.76 930.31M	-0.04% -41.89
KSE30	52,644.53 124.88M	-0.05% -26.27
KMI30	251,515.82 172.78M	0.02% 55.29
KMIALLSHR	69,526.04 742.43M	0.16% 112.66
BKTi	49,762.20 16.68M	-0.45% -222.60
OGTi	36,831.30 31.09M	1.12% 408.26

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,080.00	80,115.00 75,835.00	1900.00 2.46%
BRENT CRUDE	91.91	93.81 91.79	-2.48 -2.63%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	-0.20 -0.18%
ROTTERDAM COAL MONTHLY	124.55	124.55 124.55	0.00 0.00%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	84.92	86.57 84.36	-2.14 -2.46%
SUGAR #11 WORLD	17.66	17.69 17.08	0.05 0.28%