Sri Lanka to get US$ 200 million credit facility from Pakistan

(ColomboPage.com, Colombo, 10 February 2012) Sri Lanka will enter into a loan agreement with Pakistan to receive a US$ 200 million Export Credit Facility through the State Bank of Pakistan. 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.