Published On: Tue, Dec 10th, 2019
Published in Category: Islamabad

ADB approves $1.3b loan for Pakistan

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ISLAMABAD: Asian Development Bank (ADB) will provide a loan of 1.3 billion dollars to Pakistan.

An agreement to his effect was signed in Islamabad on Monday. Minister for Economic Affairs Hammad Azhar was also present on the occasion.

The loan will stabilize the foreign exchange reserves of Pakistan. Three-hundred million dollars have been earmarked for reforms in the energy sector and financial stability.