*ISLAMABAD: The Asian Development Bank (ADB) has indicated providing $2.5billion in additional loans to Pakistan for the fiscal year 2022-23. *
According to Finance Ministry statement, $1.5 billion to $2 billion couldbe available in the ongoing calendar year.
“The ADB indicated the additional support of $2.5 billion for the nextfiscal year, from which $1.5 billion to $2 billion can be available in theongoing calendar year”, according to a statement issued by the Ministry ofFinance.
The statement was issued after Minister of State for Finance and RevenueDr. Aisha Ghous Pasha held a meeting with Country Director ADB, Mr. Yong Ye.
She acknowledged the all-weather and trusted partnership of ADB withPakistan, especially in the areas of energy, education, and fiscal & debtmanagement.
Read Top Stories
She said: “Pakistan is facing various fiscal and monetary challenges butthe present government is keenly working on various structural reformmeasures to bring back the economy on an inclusive and sustainable growthpath.”
While concluding, Dr. Aisha Ghous Pasha thanked Mr. Yong Ye and his teamfor their dedication and assured them of full support and speedyimplementation of the ongoing programs.
