{"id":100230,"date":"2024-10-28T11:48:13","date_gmt":"2024-10-28T06:48:13","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100230"},"modified":"2024-10-28T11:48:16","modified_gmt":"2024-10-28T06:48:16","slug":"adb-commits-usd-2-75-bn-following-imf-loan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html","title":{"rendered":"ADB commits USD 2.75 bn to Pak following IMF Loan Programme"},"content":{"rendered":"\n<p>Islamabad: Pakistan is set to receive significant budgetary support from the Asian Development Bank (ADB) over the next four years, following the International Monetary Fund\u2019s (IMF) approval of a USD 7 billion loan program for the country. The ADB has committed approximately USD 2.75 billion in additional loans to Pakistan, including a provision for USD 800 million for fiscal year 2024-25, while an estimated USD 650 million will be disbursed annually for the subsequent three fiscal years.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/imf-releases-first-tranche.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan\u2019s external position strengthens as IMF releases first tranche<\/a><\/p>\n\n\n\n<p>The ADB\u2019s commitment reflects renewed confidence from international financial institutions in Pakistan\u2019s economic recovery efforts. The IMF\u2019s endorsement, which included a USD 1.03 billion initial tranche, has been pivotal in securing this additional assistance, as it underscored Pakistan&#8217;s commitment to reforms and macroeconomic stability.<\/p>\n\n\n\n<p>In September, the ADB approved a separate USD 320 million loan for Pakistan aimed at improving road infrastructure in Khyber Pakhtunkhwa (KP), where rural connectivity will be strengthened through the development of approximately 900 kilometers of roads. This project, under the Khyber Pakhtunkhwa Rural Roads Development Project, seeks to improve all-weather connectivity in areas vulnerable to flooding and poor road conditions, aligning with broader infrastructure improvements.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/imf-projects-pakistan-gdp-growth.html\" target=\"_blank\" rel=\"noreferrer noopener\">IMF forecasts Pakistan\u2019s GDP growth to hit 3.2% in FY25<\/a><\/p>\n\n\n\n<p>Prime Minister Shehbaz Sharif\u2019s government has also secured commitments totaling USD 3.2 billion from other international creditors, including a USD 1.2 billion Saudi Oil Facility for the next 12 months, a USD 1 billion commercial loan from Dubai Islamic Bank,  USD 600 million from Standard Chartered Bank, and USD 430 million from the Islamic Development Bank&#8217;s International Islamic Trade Finance Corporation.<\/p>\n\n\n\n<p>Finance Minister Muhammad Aurangzeb has indicated that these developments represent steady progress toward economic stability, citing constructive talks with the IMF and World Bank. He also noted that Pakistan is working toward eliminating its non-filer category for tax purposes and raising the tax-to-GDP ratio, indicating broader reform efforts.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-falls-short-remains-under-imf-set-target.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR targets PKR 1.196tr tax collection in Sep to align with IMF requirements<\/a><\/p>\n\n\n\n<p>These financial infusions come amid Pakistan\u2019s ongoing challenges with debt repayment, foreign exchange reserves, and inflation, offering the country renewed fiscal support as it continues to implement reforms and develop critical infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan is set to receive significant budgetary support from the Asian Development Bank (ADB) over the next four years, following the International Monetary Fund\u2019s (IMF) approval of a USD 7 billion loan program for the country. The ADB has committed approximately USD 2.75 billion in additional loans to Pakistan, including a provision for USD 800 million for fiscal year 2024-25, while an estimated USD 650 million will be disbursed annually for the subsequent three fiscal years. Read: Pakistan\u2019s external position strengthens as IMF releases first tranche The ADB\u2019s commitment reflects renewed confidence from international financial institutions in Pakistan\u2019s economic recovery efforts. The IMF\u2019s endorsement, which included a USD 1.03 billion initial tranche, has been pivotal in securing this additional assistance, as it underscored Pakistan&#8217;s commitment to reforms and macroeconomic stability. In September, the ADB approved a separate USD 320 million loan for Pakistan aimed at improving road infrastructure in Khyber Pakhtunkhwa (KP), where rural connectivity will be strengthened through the development of approximately 900 kilometers of roads. This project, under the Khyber Pakhtunkhwa Rural Roads Development Project, seeks to improve all-weather connectivity in areas vulnerable to flooding and poor road conditions, aligning with broader infrastructure improvements. Read: IMF forecasts&hellip;<\/p>\n","protected":false},"author":18,"featured_media":60777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,20385,15016],"tags":[59960,34475,59961,59963,59962],"persona":[],"class_list":{"0":"post-100230","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-development-projects","9":"category-new-developments","10":"tag-abd-loan-for-pakistan","11":"tag-pakistan-economy","12":"tag-pakistan-loans","13":"tag-pakistan-new-loans","14":"tag-usd-2-75-billion-loan-for-pakistan","15":"cat-15012-id","16":"cat-20385-id","17":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB commits USD 2.75 bn following IMF Loan - Zameen News<\/title>\n<meta name=\"description\" content=\"The ADB\u2019s commitment reflects renewed confidence from international financial institutions in Pakistan\u2019s economic recovery efforts...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB commits USD 2.75 bn following IMF Loan - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The ADB\u2019s commitment reflects renewed confidence from international financial institutions in Pakistan\u2019s economic recovery efforts...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-28T06:48:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-28T06:48:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/adb.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ADB commits USD 2.75 bn following IMF Loan - Zameen News","description":"The ADB\u2019s commitment reflects renewed confidence from international financial institutions in Pakistan\u2019s economic recovery efforts...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html","og_locale":"en_US","og_type":"article","og_title":"ADB commits USD 2.75 bn following IMF Loan - Zameen News","og_description":"The ADB\u2019s commitment reflects renewed confidence from international financial institutions in Pakistan\u2019s economic recovery efforts...","og_url":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2024-10-28T06:48:13+00:00","article_modified_time":"2024-10-28T06:48:16+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/adb.png","type":"image\/png"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"ADB commits USD 2.75 bn to Pak following IMF Loan Programme","datePublished":"2024-10-28T06:48:13+00:00","dateModified":"2024-10-28T06:48:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html"},"wordCount":369,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/adb.png","keywords":["ABD loan for pakistan","Pakistan economy","pakistan loans","pakistan new loans","USD 2.75 billion loan for pakistan"],"articleSection":["Allied Industries","Infrastructure","New Developments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html","url":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html","name":"ADB commits USD 2.75 bn following IMF Loan - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/adb.png","datePublished":"2024-10-28T06:48:13+00:00","dateModified":"2024-10-28T06:48:16+00:00","description":"The ADB\u2019s commitment reflects renewed confidence from international financial institutions in Pakistan\u2019s economic recovery efforts...","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/adb.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/adb.png","width":1170,"height":400,"caption":"Asian Development Bank"},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/adb-commits-usd-2-75-bn-following-imf-loan.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"ADB commits USD 2.75 bn to Pak following IMF Loan Programme"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293","name":"Samra Zulfiqar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","caption":"Samra Zulfiqar"},"description":"Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market\u2019s most promising opportunities.","url":"https:\/\/www.zameen.com\/news\/author\/samra"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/100230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=100230"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/100230\/revisions"}],"predecessor-version":[{"id":100231,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/100230\/revisions\/100231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/60777"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=100230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=100230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=100230"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=100230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}