HomePakistanPakistan receives $500m loan from ADB

Pakistan receives $500m loan from ADB

November 28, 2024

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KARACHI – The State Bank of Pakistan has received a $500 million loan from the Asian Development Bank (ADB).

According to the State Bank, the funds will be utilised to address the impacts of climate change and related disasters.

It is noteworthy that the central bank will reflect the inflow of $500 million in the foreign exchange reserves data next week.

ADB approves $500m loan to boost Pakistan’s climate and disaster resilience

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