Pak receives $3,552 m in term of loan & grants from development partners
ISLAMABAD: Pakistan has received foreign assistance, amounting to over 3,552 million dollars, as loans and grants from various bilateral and multilateral development partners to address the health related and socio-economic challenges caused by Covid-19.
This was stated by Minister for Economic Affairs Makhdoom Khusro Bakhtiar in a written reply to the National Assembly during the question hour on Thursday.
The Minister said the G-20 countries provided relief of 2012.47 million dollars through debt service suspension. He said the external economic assistance provided a fiscal space to the government to divert financial resources for saving lives and livelihoods of the people and mitigate economic impact of the Covid-19.
He said it also helped to improve foreign exchanges reserves, stabilize exchange rate and build buffers against external economic shocks.
The House has now been prorogued.