Turkish Bank Announces €150 Mil Financial Assistance for Pakistan

Turkish Bank Announces €150 Mil Financial Assistance for Pakistan,

Highlights: 

  • Turkish bank announces €150 million loan for Pak
  • The aid has been given for flood relief efforts & fuel imports
  • ECO has provided  $1 Billion till now to Pak since its independence 

The Economic Cooperation Organization (ECO) Trade and Development Bank will provide a loan of €150 million to Pakistan. 

The load has been provided for flood relief efforts and financial support for fuel imports.

The agreement was signed on Saturday between Pakistan and Istanbul.

The agreement took place at a meeting where Prime Minister Shehbaz Sharif met a delegation led by ECO Trade and Development Bank President Yalçın Yüksel. 

$1 Billion Aid Offered to Pak Overall

The president of ECO maintained that since its inception, the overall financial assistance to Pakistan has reached approximately $1 billion. 

The PM of Pakistan stated that during his meeting with President Erdogan, it was conveyed to him that many Turkish companies were eager to come to Pakistan which is great news for the country.

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