ADB to provide $1.5b to Pakistan

Latest Update: December 14, 2015 | 258 Views

The Asian Development Bank will provide 1.5 billion dollars to Pakistan next year under Public-Private Partnership.

This was stated by Country Director of the Bank, Werner Leipach at a meeting with Finance Minister Mohammad Ishaq Dar in Islamabad today.

He apprised the Minister that ADB’s total co-financing for Pakistan stood around 1050 million dollars.

He said ADB has also provided trade finance support for the private sector investments to the tune of 95 million dollars.

The Finance Minister appreciated the role of Asian Development Bank for financing development projects in Pakistan.

He said that the government is focused on growth and employment generation and finance provided by the ADB and other multilateral institutions would help in achieving these objectives.


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