850 million dollar loan did not credited in SBP even after disbursement.
Whatever it is used for first it has to came directly to SBP account to pay external debt, CAD or other expenditure.
www.adb.org
There is no accountability of SBP what so ever.
Dollar hit to 166.30 inter bank market against PKR. 2.2 rupee devaluation in a just 3 days. I told you PTI is worst than PMLN in economy and now CAD of 775 million has become halal and devaluation is also halal now.
On 1st September Moodys will look into devaluation of 4 countries Sri Lanka, Argentina, Pakistan and Myanmar . Because PKR has devalued more than 6% in this FY Year already so there they might give the status of do not invest in PKR as Sri Lanka , Argentina and Myanmar also in the line to get that Status of Default currency.
FDI always linked with stable currency and no one will invest in a currency where 2 rupee devaluation in a week is normal for PTI economy team.
Even after devaluing currency to 9% this FY still manage to get 775 million dollar CAD.
Whatever it is used for first it has to came directly to SBP account to pay external debt, CAD or other expenditure.
$500 Million ADB Loan to Procure COVID-19 Vaccines for Pakistan
The Asian Development Bank has approved a $500 million loan to help the Government of Pakistan procure and deploy safe and effective COVID-19 vaccines and strengthen the country’s capacity to implement its vaccination program.
There is no accountability of SBP what so ever.
Dollar hit to 166.30 inter bank market against PKR. 2.2 rupee devaluation in a just 3 days. I told you PTI is worst than PMLN in economy and now CAD of 775 million has become halal and devaluation is also halal now.
On 1st September Moodys will look into devaluation of 4 countries Sri Lanka, Argentina, Pakistan and Myanmar . Because PKR has devalued more than 6% in this FY Year already so there they might give the status of do not invest in PKR as Sri Lanka , Argentina and Myanmar also in the line to get that Status of Default currency.
FDI always linked with stable currency and no one will invest in a currency where 2 rupee devaluation in a week is normal for PTI economy team.
Even after devaluing currency to 9% this FY still manage to get 775 million dollar CAD.