ADB announces $86.2mn for Pakistan

Islamabad: The Asian Development Bank (ADB) will provide $86.2 million to Pakistan.

According to a statement issued by the ADB, the money will be provided to Pakistan as a development loan. It will be used to create stable reserves of aviation fuel. A private storage facility for aviation fuel will be established in Sheikhupura.

The statement further said that the money will be provided under climate support in connection with infrastructure loans. The money will help reduce the amount of carbon in the aviation industry.