Pakistan received $1.5bn foreign assistance this week: Govt
- By Web Desk -
- Jun 25, 2020
ISLAMABAD: The Ministry of Finance on Thursday said Pakistan has received $1.5 billion in Covid-19 and development policy related finance assistance from three international financial institutions.
“During this week, Pakistan has received USD 1.5 billion in Covid 19 and development policy related assistance from the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank,” it tweeted.
1/2 During this week, Pakistan has received USD 1.5 billion in Covid 19 and development policy related assistance from the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank. @pid_gov @appcsocialmedia @PTVNewsOfficial @PBC_Urdu
— Ministry of Finance (@FinMinistryPak) June 25, 2020
The ministry expressed gratitude to the government of Pakistan’s development partners for “this critically need support in such unprecedently difficult and uncertain time.”
2/2 The Government of Pakistan is very grateful to its development partners for this critically needed support in such unprecedentedly difficult and uncertain time.@pid_gov @appcsocialmedia @PTVNewsOfficial @PBC_Urdu
— Ministry of Finance (@FinMinistryPak) June 25, 2020
Earlier, on June 24, the State Bank of Pakistan (SBP) had confirmed that it had received one billion dollars – 500 million dollars each from the World Bank and the Asian Development Bank.
The ADB approved a $500 million loan to help the country tackle the ongoing coronavirus and strengthen the health sector, while the World Bank approved a $500 million loan to help improve the healthcare and education systems.