Good news for the Pakistani economy, another financial institution received سے 500 million

ISLAMABAD: Pakistan, after the World Bank and the Asian Development Bank, has also received 50 500 million from the Asian Infrastructure Investment Bank (AIIB).

According to the details, SBP received کروڑ 50 million from the Asian Infrastructure Investment Bank, of which کروڑ 50 million has been provided under the Nineteen Active Response Program.

The World Bank and the Asian Development Bank have already received ، 50 million each, which will help offset the damage caused to the economy by the lockdown during the Corona epidemic.

In a week, the SBP has received ارب 1.75 billion from international financial institutions, which experts say will help alleviate the government's financial woes.

Read more: Receives ارب 1 Billion from International Financial Institutions

Economic analyst Khurram Shehzad says the money from international financial institutions will be added to the foreign exchange reserves next week. After receiving ارب 1.72 billion, the country's foreign exchange reserves will reach ارب 18 billion. There will be less pressure

It may be recalled that in April, Pakistan had received ارب 1.39 billion from the International Monetary Fund (IMF) under the Rapid Finance Instrument.

The statement said that the current uncertainty would have economic implications for Corona, improve international reserves with the help of the IMF and provide budgetary support to increase temporary expenditures.

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