ADB stated that the funds will be spent on increasing local resources and rehabilitating flood-damaged schools.


Islamabad: The Asian Development Bank (ADB) approved a loan of 758 million dollars for Pakistan.
According to ADB, a loan of 758 million dollars has been approved for Pakistan which will be spent on three different projects, while the purpose of providing funds is to achieve the goal of sustainable economic development.
Asian Development Bank stated that the funds will be spent on increasing local resources and rehabilitating flood-damaged schools.
The funds will also increase agricultural production for food security and help Pakistan recover from the recent devastating flood crisis.
According to the statement, ADB's objective is to improve the economic situation of Pakistan and improve the quality of life of the people, of which 300 million dollars will be spent on policy reforms to increase local resources.
It has also been stated by the ADB that the objective of the program is to improve tax administration, expenditure management and investment.

US tariff hikes may slow global growth: Russian central bank
- 9 hours ago

Yale’s new smart lock can match your Google Nest doorbell
- 2 hours ago

Google discontinues Nest Protect smoke alarm and Nest x Yale door lock
- 2 hours ago

PSL X anthem ‘X Dekho’ unveiled
- 10 hours ago

Bueckers, Betts, Booker among Wooden finalists
- 40 minutes ago

Naqvi briefs PM Shehbaz on security, others issues
- 10 hours ago

First Alert’s new smart smoke alarm is meant to be a Google Nest Protect replacement
- 2 hours ago

From a famed Russian basketball academy to Provo, Egor Demin is dialed in
- 14 hours ago

Judge dismisses Samsung’s smart ring lawsuit against Oura
- 2 hours ago

NBA play-in tournament 2025: Schedule, standings, format
- 40 minutes ago

Self-driving taxis coming to Dubai by 2026, says RTA
- 13 hours ago

What's going on with Rafael Devers? Putting his historic strikeout streak into context
- 40 minutes ago