SBP receives USD 1.3 Billion from Asian Development Bank

MG News | December 10, 2019 at 08:10 AM GMT+05:00

0:00

December 10, 2019 (MLN): The State Bank of Pakistan confirmed late on Monday night that it has received USD 1.3 Billion for the Asian development bank.

The loan is for budgetary support and will help bolster the country’s foreign exchange reserves.

The amount is also to help reduce circular debt and improve the performance of the power sector.

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