ADB will provide $7.1b to Pakistan

ADB will provide $7.1b to Pakistan

Asian Development Bank will provide 7.1 billion dollars in financing to help Pakistan achieve sustainable growth over the next three years.

In a statement issued from Manila, Vice President ADB Vencai Zhang said ADB is committed to deepening its cooperation with the new government and supporting its development agenda to bring prosperity to the people of Pakistan.

Zhang said Pakistan is an important member of the Central Asia Regional Economic Cooperation (Carec) to which ADB is extending programmatic support to deepen regional economic integration.

He said ADB is willing to support Pakistan in developing economic corridors within the framework of Carec and ADB's Strategy 2030 ahead of the Carec Ministerial Conference in Ashgabat, Turkmenistan in November.

Source: Radio Pakistan