ADB to provide $2.7 billion to Pakistan in 2019

MG News | October 09, 2019 at 01:32 PM GMT+05:00

0:00

October 9, 2019 (MLN): The Asian Development Bank is set to provide $2.7 billion in approved financing to Pakistan in Fiscal Year 2019.

As per the announcement made on twitter by ADB, the recently approved Country Operations Business Plan (COBP) 2020-2022 will increase the average lending to $2.4 billion a year - a record increase over the $1.4 billion average from 2015 to 2018.

In addition, ADB will leverage its lending through the mobilization of co-financing and funding from other sources, including regional concessional resources.

The new COBP will support Pakistan’s development goals and complement efforts by other development partners.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,506.31 634.15M	-0.36% -609.51
ALLSHR	102,597.99 1,100.83M	-0.03% -32.82
KSE30	51,021.03 79.10M	-0.89% -457.52
KMI30	244,736.28 154.00M	-0.41% -995.51
KMIALLSHR	66,770.85 754.12M	0.18% 120.54
BKTi	46,874.09 27.88M	-0.86% -405.50
OGTi	35,621.25 6.98M	-0.23% -83.69

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,250.00	82,725.00 80,640.00	865.00 1.08%
BRENT CRUDE	104.40	105.99 103.22	3.11 3.07%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-5.00 -4.35%
ROTTERDAM COAL MONTHLY	109.20	109.20 108.15	2.10 1.96%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	98.53	100.37 96.92	3.11 3.26%
SUGAR #11 WORLD	14.75	14.85 14.60	0.06 0.41%