US
Money acquired to build foreign currency reserves and repay loans
No allocation made for foreign loan repayment in hope of rescheduling by lenders
Package approved to mitigate impact of Covid-19 pandemic
Steps taken by the government “to manage the economy” will bring stability in the near term
Focuses on science, economic empowerment and public-private partnership
IDB president emphasises that the bank would further strengthen cooperation with Pakistan
Oil supply from Saudi Arabia also set to commence from mid-February
Members of the meeting also discussed partnership through recommendations
Pakistan is likely to turn towards IMF for a bailout as it stands on the verge of a balance-of-payments crisis
300 locomotives will be inducted with help of IDB financing in span of 7 years