Pakistan Foreign Exchange reserves to witness $1 billion rise

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Pakistan Foreign Exchange reserves to witness $1 billion rise

ISLAMABAD - Asian Development Bank (ADB) will provide a loan of 1.3 billion dollars to Pakistan to help stabilize the foreign exchange reserves of the country.

An agreement to this effect was signed in Islamabad on Monday.

Minister for Economic Affairs Hammad Azhar was also present on the occasion.

Three-hundred million dollars have been earmarked for reforms in the energy sector and financial stability.