Pakistan to get $7 bn in fresh assistance from ADB for development projects
Cash-strapped Pakistan will get about $7 billion in fresh assistance from the Asian Development Bank for various development projects over the next three years, according to a media report on Friday.
The decision was taken during the meeting between ADB Vice President Shixin Chen and Pakistan Prime Minister Imran Khan here on Thursday, the Dawn newspaper reported.
The ADB plans to provide Pakistan about $7 billion in fresh assistance for various development projects and policy-based programmes during the next three years under the country operations business plan 20202022,” Chen was quoted as saying in the report.
“The funds are aimed at developing the country’s social security, urban services, transport, agriculture and water resources, education, trade, and tourism. This will help spur inclusive and sustainable economic growth, he said.
