ADB to disburse $1.3 billion to Pakistan today

MG News | December 09, 2019 at 11:11 AM GMT+05:00

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December 9, 2019 (MLN): The Federal Minister for Economic Affairs, Hammad Azhar on Monday informed that the Economic Affairs Division and Asian Development Bank (ADB) have signed policy based loans of USD 1.3 billion today.

Taking to social media to disclose further details, the Minister informed that the sums will be disbursed today and will help bolster reserves and strengthen the overall economic outlook of the country.

It is imperative to note that this information boosted the equity market briefly, as it went up by almost 100 points in the intraday session.

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