Program supports govt’s commitment to further policy and institutional reforms
Islamabad: The Asian Development Bank (ADB) has approved $800 million for Pakistan.
A statement issued by the ADB said that this amount was approved for strong fiscal sustainability. Pakistan has made significant progress in improving macroeconomic conditions.
The statement said that this program supports the government’s commitment to further policy and institutional reforms. The program will promote strong public finances and sustainable growth.
The Asian Development Bank stated that $300 million in loans and $500 million in guarantees to obtain $1 billion from commercial banks. The program is expected to reduce fiscal deficit and debt, and create more financial space for development and social spending.
ADB added that more than $52 billion in support has been provided to Pakistan since 1966.
German police shoot Afghan man after knife attack on officers
- 2 گھنٹے قبل
Burns' first 6 outs all strikeouts in MLB debut
- 3 گھنٹے قبل
National Assembly passes federal budget for upcoming fiscal year
- ایک گھنٹہ قبل
Jeff Bezos, Lauren Sanchez arrive in Venice for multi-million euro wedding
- 3 گھنٹے قبل
Chrome for Android gets iOS-like address bar feature
- 2 گھنٹے قبل
Lahore airport to partially close during monsoon season
- 3 گھنٹے قبل
Data Vault Pakistan launches country's first AI data centre in Karachi
- 10 منٹ قبل
Too much salt may trigger depression, study finds
- 2 گھنٹے قبل
30-game winner Paul Skenes?! A new formula to bring pitcher wins back to life
- 3 گھنٹے قبل
Iran’s strikes shattered Zionist regime: Khamenei
- 3 گھنٹے قبل
US military operation against Iran "highly successful," says Defense Secretary
- ایک گھنٹہ قبل
Monsoon havoc in Punjab: 4 dead, 27 injured, 1 missing
- 3 گھنٹے قبل
