Pakistan receives billion dollars from World Bank, ADB

Says country’s current account turns into surplus of $13 million

By: News Desk      Published: 12:56 PM, 24 Jun, 2020
Pakistan receives billion dollars from World Bank, ADB

The State Bank of Pakistan has received one billion dollars, $500 million each from the World Bank and the Asian Development Bank, this was said by the SBP in a tweet on Wednesday, reported 24NewsHD TV channel.

In another tweet, the State Bank said, “Pakistan’s Current Account turned into a surplus of $13 million May 20 against a deficit of $530 million on April 20 and $1004 million on May 19.”

“On a cumulative basis, the CAD has narrowed by 73.6 percent to $3.3 billion during Jul-May FY20 from $12.5 billion during the same period last year.”