The funds will be released over nine months to support the country’s economic stabilisation program.Įarlier, Pakistan on July 12 received USD 1 billion from the UAE to boost its reserves, a day after Saudi Arabia transferred USD 2 billion to the country’s central bank. The decision by the Pakistani authorities came days after the IMF approved a $3 billion bailout for Pakistan to prevent default on debt repayments. The 120×80 feet flag was the largest in the seven-decades-old history of Pakistan. Six years ago, in 2017, Pakistan unfurled a 400-foot tall flag, the highest in South Asia, at the Attari-Wagah border. Punjab province in cash-strapped Pakistan, which reportedly needs at least Rs 2,000 crore in the next two years to pay back foreign loans (with interest), will hoist the flag at Liberty Chowk in Lahore. This comes after Pakistan secured a bailout package from the International Monetary Fund (IMF) to contain its crumbling economy. Lahore: The government in Pakistan’s Punjab province has declared to hoist its national flag on a 500-foot-tall flag mast, costing around PKR (Pakistani rupee) 40 crore on August 14 to mark its 76th Independence Day. Pakistan spends Rs 40 crore on installing flag taller than India after getting IMF Loan
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |