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SBP receives $500mn from ADB

ADB sent moeny to deal with disasters of climate change

GNN Web Desk
Published a month ago on Nov 29th 2024, 9:22 am
By Web Desk
SBP receives $500mn from ADB

Karachi: The State Bank of Pakistan (SBP) has received a $500 million loan from the Asian Development Bank (ADB).

According to the State Bank of Pakistan, the money was sent by the Asian Development Bank to deal with the disasters of climate change.

The State Bank added that the $500 million inflow from the Asian Development Bank will further increase the foreign exchange reserves by the end of this week.

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