ISLAMABAD: Asian Development Bank has responded over Pakistan governmentclaims of $3.4 billion loan to Pakistan.
Asian Development Bank (ADB) on Sunday distanced itself from a Pakistangovernment announcement about provision of $3.4 billion budgetary supportby the Manila-based lending agency.
On Saturday, two senior members of the government had announced that theADB would provide $3.4bn budgetary support to Pakistan to help the latterimplement its economic reforms and stabilisation.
The announcement was first made by Planning and Development MinisterMakhdum Khusro Bakhtyar at a news conference and then reconfirmed byAdviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh through hisofficial Twitter account after a meeting with two senior officials of theADB.
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Dr Shaikh had said the ADB would provide $3.4bn in budgetary support toPakistan after he had a meeting with Werner Liepach, the ADB directorgeneral. He said the meeting had agreed on an ADB programme.
“The ADB will provide $3.4bn in budgetary support to help with reforms andstabilisation of the economy.”
