BR100 3,800 Increased By ▲ 13 (0.33%)
BR30 19,437 Increased By ▲ 63 (0.32%)
KSE100 36,745 Increased By ▲ 127 (0.35%)
KSE30 15,928 Increased By ▲ 27 (0.17%)
CASES 253,604 0
DEATHS 5,320 0
Sindh 106,622 Cases
Punjab 87,492 Cases
Balochistan 11,192 Cases
Islamabad 14,202 Cases
KP 30,747 Cases

The State Bank of Pakistan (SBP) on Tuesday informed that it has received $1.3 billion as loan disbursements from Chinese banks this week.

The central bank informed that the latest disbursement brings the total amount of official inflows received since 23rd June 2020 to around $3 billion.

Lately, the SBP has received a number of loan disbursements from international financial institutions. On Wednesday, the central bank informed that it has received $1 billion, from the Asian Development Bank (ADB) and World Bank (WB).

The central bank in a tweet said that the country has received $500 million each from ADB and WB. A day later, SBP said that it BP has received $500 million from Asian Infrastructure Investment Bank (AIIB).

The funds came after Pakistan inked financing agreements worth $1.5bn with three international financial institutions. The central bank informed that the funds will be used for Coronavirus Active Response and Expenditure Support Program with the objective to support the government of Pakistan’s efforts to strengthen the health system and mitigate the socioeconomic impacts of the COVID-19 pandemic.