September 15, 2022 (MLN): The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) are likely to lend Pakistan $2 billion by the end of October, a press release showed on Thursday.
Of the total $2bn, the ADB will provide $1.5bn whereas the AIIB will provide $0.5bn.
The funds come at a time of dire need for Pakistan which is struggling to secure foreign exchange in order to meet $32bn gross external financing requirements for the FY23.
Copyright Mettis Link News
Posted on:2022-09-15T12:40:31+05:00
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