Which Bank approved $1.3 billion in loans for Pakistan for emergency budgetary support on Dec 06, 2019?

A. State Bank
B. IMF
C. ADB
D. World Bank

Submitted by: Nabeel Ahmed Solangi

The Asian Development Bank (ADB) on Friday approved $1.3 billion budgetary support loan for Pakistan, including $1 billion in crisis response facility to shore up low official foreign exchange reserves.

It was for the first time in Pakistan’s history that any political or military government availed the crisis response facility to repay its foreign debt and build foreign currency reserves.

Related Mcqs:

In May 2020,The World Bank restored Pakistan’s budgetary support after four years by approving a policy loan of__________?
A. $250 Million
B. $350 Million
C. $450 Million
D. $500 Million
Submitted by: Aslan
The ________ on June 10, 2024, has approved a $1 billion loan for Pakistan to support the Dasu Hydropower Project.
A. Asian Development Bank
B. World Bank
C. Asian Infrastructure Investment Bank
D. International Monetary Fund
Submitted by: Ayaz Ali Bhanbhro
Punjab Cabinet has approved ________ billion rupees on 3rd May 2019 for establishment of Punjab Housing and Town Planning Agency (PHATA) for Prime Minister’s Naya Pakistan Housing Programme?
A. five billion rupees
B. Seven billion rupees
C. Eight billion rupees
D. None of These
Submitted by: Ehsan Ali
The World Bank has approved a package of_______ million to support Pakistan’s efforts to raise revenue, reduce compliance cost?
A. $515
B. $518
C. $520
D. None of above
Submitted by: Farjan Ahmed Soomro
The State Bank of Pakistan (SBP) has received the first tranche of $1 billion under the balance of payment support from _________ on 19th November 2018?
A. S.Arabia
B. UAE
C. China
D. Malaysia
Submitted by: Kashif Ashraf
On January 04 2019, Pakistan finalized the terms and conditions of a support package of about 6.2 billion dollars with__________?
A. UAE
B. Saudi Arabia
C. Turkey
D. China
Submitted by: M.Ayub Bangulzai
Pakistan acquires USD ____ billion loans in Fiscal year 2020-21.
A. USD 12.32 billion
B. USD 13.32 billion
C. USD 15.32 billion
D. None of these
Submitted by: Areesha khan
US approved how many dollars of technical, logistics support for F-16 program in July 2019?
A. 120 Million Dollar
B. 122 Million Dollar
C. 125 Million Dollar
D. None of the above
Submitted by: Asif Ayoub
The Asian Development Bank (ADB) approved a _________ loan for a project in the education sector of Sindh on 28th Oct 2019:
A. $50 million
B. $75 million ✓
C. $95 million
D. None of these
Submitted by: Farjan Ahmed Soomro
PTI government received about $ _____ billion in foreign loans during the first five months (July November) of the current fiscal year, 2021.
A. $4.2 billion
B. $4.4 billion
C. $4.6 billion
D. $4.8 billion
Submitted by: Muhammad Asif Khajjak