ADB responds over Pakistan government claims of $3.4 billion loan, it's disgusting claim

ADB responds over Pakistan government claims of $3.4 billion loan, it's disgusting claim
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ISLAMABAD: Asian Development Bank has responded over Pakistan government claims of $3.4 billion loan to Pakistan.

Asian Development Bank (ADB) on Sunday distanced itself from a Pakistan government announcement about provision of $3.4 billion budgetary support by the Manila-based lending agency.

On Saturday, two senior members of the government had announced that the ADB would provide $3.4bn budgetary support to Pakistan to help the latter implement its economic reforms and stabilisation.

The announcement was first made by Planning and Development Minister Makhdum Khusro Bakhtyar at a news conference and then reconfirmed by Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh through his official Twitter account after a meeting with two senior officials of the ADB .

Dr Shaikh had said the ADB would provide $3.4bn in budgetary support to Pakistan after he had a meeting with Werner Liepach, the ADB director general. He said the meeting had agreed on an ADB programme.

“The ADB will provide $3.4bn in budgetary support to help with reforms and stabilisation of the economy.”

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