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Pakistan receives $1.39bn under IMF Rapid Financing Instrument

Pakistan receives $1.39bn

Pakistan receives $1.39bn under IMF Rapid Financing Instrument today.

State Bank of Pakistan confirmed it in a tweet.

International Monetary Fund has 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.

The IMF approved it to help Pakistan deal with economic impact of coronavirus.

He also updated the Prime Minister about the progress on various components of Economic Stimulus Package announced by the government.

Meanwhile, IMF Resident Representative in Pakistan Teresa Daban Sanchez called on Foreign Minister Shah Mahmood Qureshi.

Talking to her in Islamabad today, FM called for providing unconditional assistance to developing countries for their economic revival in the prevailing situation.

Pakistan welcomes the decision of G-20 countries, IMF and World Bank regarding debt relief for developing countries.

However, the Foreign Minister added that Prime Minister Imran Khan had called for restructuring of loans of developing countries.

PM Khan suggested this to seek support the weak economies in the current difficult time.

Shah Mahmood Qureshi said despite its limited resources Pakistan has taken effective steps to contain spread of coronavirus and mitigate negative effects of the pandemic.

 

Prime Minister appreciates debt relief measures by G20, IMF and WB

Pakistan among 76 countries to get IMF debt relief from May 1, 2020

IMF mentions Pakistan measures to contain spread of Coronavirus

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