Pakistan receives billion dollars from World Bank, ADB
Says country’s current account turns into surplus of $13 million
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.
SBP has received USD 1 bn today with USD 500 mn each from ADB and WB.— SBP (@StateBank_Pak) June 24, 2020
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.”
1/2 Pakistan’s Current Account turned into a surplus of $13 mn May20 against a deficit of $530 mn in Apr20 and $1004 mn in May19. For details: https://t.co/fMcRUupmT2— SBP (@StateBank_Pak) June 24, 2020
2/2 On cumulative basis, the CAD has narrowed by 73.6 percent to $3.3 bn during Jul-May FY20 from $12.5 bn during the same period last year.— SBP (@StateBank_Pak) June 24, 2020