US$ 200 million from the Government of Pakistan

Pakistan and Sri Lanka flags

The Government of Pakistan has agreed to extend an Export Credit Facility of US$ 200 million through the State Bank of Pakistan. This was agreed during the visit of Pakistani President to Sri Lanka in November 2010.

An amount of  US$ 150 million of this credit, is to be utilized for the construction of Housing Units for Shanty Dwellers in Colombo and suburbs and the balance US$ 50 million for the importation of livestock, plant and machinery from Pakistan.

The Loan agreement will be signed with the Government of Pakistan, during  current State visit of Sri Lanka President Mahinda Rajapaksa to Pakistan.

President Mahinda Rajapaksa left for Islamabad Friday morning on a two day State visit accompanied by several ministers and officials.


Source: Government News Portal