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Pakistan received foreign assistance worth $3,552 million amid COVID-19, NA told

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ISLAMABAD, Pakistan: Pakistan received the foreign assistance amounting to US$ 3,552.11 million as loans and grants from various bilateral & multilateral development partners to address the health-related and socioeconomic challenges caused by the COVID-19 pandemic, the National Assembly was told on Thursday.

While replying to a question by Maulana Abdul Akbar Chitrali of Muttahida Majlis-i-Amal Pakistan (MMAP), the Minister for Economic Affairs Makhdoom Khusro Bakhtiar told the House in writing that the G-20 Countries provided a relief of US$ 2,012.47 million through debt service suspension to provide fiscal relief in the context of the COVID-19 pandemic.

The details of the foreign assistance are as under:COVID-19 - Pakistan received the foreign assistance amounting to US$ 3,552.11 million as loans and grants from various bilateral & multilateral development partners to address the health-related and socioeconomic challenges caused by the COVID-19 pandemic, the National Assembly was told on Thursday. While replying to a question by Maulana Abdul Akbar Chitrali of Muttahida Majlis-i-Amal Pakistan (MMAP), the Minister for Economic Affairs Makhdoom Khusro Bakhtiar told the House in writing that the G-20 Countries provided a relief of US$ 2,012.47 million through debt service suspension to provide fiscal relief in the context of the COVID-19 pandemic. The minister said that the external economic assistance provided a fiscal space to the government of Pakistan to divert financial resources for saving the live & livelihood of the common citizens and mitigate the socio-economic impact of the COVID-19 pandemic. Khusro Bakhtiar said that it also helped the government to improve foreign exchange reserves, stabilize the exchange rate, and build buffers against external economic shocks.

The minister said that the external economic assistance provided a fiscal space to the government of Pakistan to divert financial resources for saving the live & livelihood of the common citizens and mitigate the socio-economic impact of the COVID-19 pandemic.

Khusro Bakhtiar said that it also helped the government to improve foreign exchange reserves, stabilize the exchange rate, and build buffers against external economic shocks.

Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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