Pakistan has received $ 1.5bn from WB, ADB and AIIB: MoF

Pakistan has received $ 1.5bn from WB, ADB and AIIB, according to Ministry of Finance (MoF).

Ministry of Finance stated this in a tweet on Thursday.

Pakistan has received $ 1.5bn

The MoF tweet stated Pakistan has received 1.5 billion dollars in COVID-19 and development policy related assistance from the World Bank, Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB).

Pakistan Government remains very grateful to its development partners for this critically needed support in such unprecedentedly difficult and uncertain time.

In recent past, the ADB also had assured to provide 1.7 billion dollars to Pakistan to fight the impacts of coronavirus.

President of the bank gave this assurance during a virtual meeting with Minister for Economic Affairs Khusro Bakhtiar.

Meanwhile, State Bank of Pakistan confirmed it in a tweet to have received $1.39bn under IMF Rapid Financing Instrument.

International Monetary Fund introduced RFI mechanism to help countries amid Coronavirus threat.

Earlier, Prime Minister had appreciated debt relief measures by G20, IMF and WB for developing countries, including Pakistan.

He appreciated debt relief measures which G-20 countries, IMF and World Bank adopted for developing countries, including Pakistan.

Prime Minister Imran Khan said while talking to Finance Advisor Dr Abdul Hafeez Shaikh in Islamabad on Thursday.

Sheikh informed the Prime Minister about the planned approval of an additional $ 1.4 billion concessionary financing from IMF.

Notably, the IMF approved it to help Pakistan deal with economic impact of coronavirus.