Tag Archives: ADB approves $1 billion emergency loan for Pakistan

The Asian Development Bank (ADB) has approved an emergency loan of $1 billion for Pakistan to provide immediate support to the country’s finances and help strengthen a slumping economy, according to a press release issued on Friday. The quick dispersing loan is part of a multi-donor economic reform programme spearheaded by the International Monetary Fund (IMF) to stablise the economy which crumbled …

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