The Ministry of Economic Affairs has released a report on foreign loans and grants, which indicates that Pakistan will receive $436.4 million in foreign financial assistance in July 2024.
According to the report, Pakistan received $436.4 million in foreign financial assistance in July of the 2024 fiscal year, and the estimated total for foreign loans and grants for the current fiscal year is $19.39 billion.
The report details that $127.7 million was received through New Pakistan Certificates in July, while international financial institutions provided Pakistan with $201.0 million.
Additionally, various countries contributed $107.6 million last month, and the World Bank provided $111.88 million to Pakistan.
The report also notes that China provided $96.76 million to Pakistan, while the Asian Development Bank offered over $54.0 million.
Similarly, the International Bank for Reconstruction provided over $20.0 million, Germany contributed $3.5 million, Saudi Arabia gave $2.69 million, and the United States provided the largest grant of $4.44 million.
Pakistan received $425.9 million in loans for various projects; however, there was no oil facility provided on credit from Saudi Arabia in July 2024.
North Korea Rejects Foreign Aid Despite Flood Devastation
North Korea's leader Kim Jong-un has stated that the country does not need foreign aid to cope with the damage caused by the floods.
Kim Jong-un has ordered the relocation of thousands of affected individuals to the capital for better care.
According to the Korean Central News Agency, Kim Jong-un mentioned that it will take two to three months to rebuild and stabilize the flood-affected areas. In the meantime, the government plans to provide facilities in Pyongyang for approximately 15,400 people.
The comments were made during a two-day visit to the northwestern town of Oiju, where Kim Jong-un met with flood victims and discussed ongoing recovery efforts.
Official media reports indicate that severe rains in late July in the northwestern city of Sin Oiju and the neighboring town of Oiju affected 4,100 homes, 7,410 acres of agricultural land, and numerous buildings, roads, and railways.
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