ISLAMABAD – Pakistan is likely to get yet another financial package worth$7.5 billion from Asian Development Bank, it has been reported.
The Asian Development Bank (ADB) on Thursday announced its new ‘CountryOperations Business Plan for Pakistan’ covering 2019-21, under whichresources would be available for sovereign lending programme amounting to$7,528 million.
These resources will be available during the three year period in energy,transport, agriculture, natural resources and rural development, water andother urban infrastructure and services, according to the business plandocument.
Besides the new plan, ADB on Thursday signed a loan agreement with thegovernment, worth $284m to improve the country’s power transmission network.
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The Manila-based lending agency says while the new government is in theprocess of establishing its development priorities, it is in close dialoguewith the government.
Going forward, the bank proposed assistance pipeline for Pakistan may needto be further adjusted, particularly for 2020 and 2021. The new plan isaligned with the ADB’s country partnership strategy which is completing in2019 and the ‘Vision-2025’.
