{"id":58440,"date":"2019-12-06T17:25:09","date_gmt":"2019-12-06T17:25:09","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58440"},"modified":"2020-01-29T12:25:14","modified_gmt":"2020-01-29T12:25:14","slug":"adb-grants-usd-1-billion-emergency-loan-to-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-grants-usd-1-billion-emergency-loan-to-pakistan.html","title":{"rendered":"ADB grants USD 1 billion emergency loan to Pakistan"},"content":{"rendered":"

Islamabad: The Asian Development Bank (ADB) on Friday provisioned a USD 1 billion loan package to Pakistan \u2013 geared towards providing immediate budgetary support<\/a> to the national economy and to bolster the country\u2019s financial reserves on an immediate basis, according to news sources.<\/p>\n

This loan comes as part of a multi-donor economic reforms programme headed by the International Monetary Fund (IMF) to stabilise the national economy, which popularly suffered from a collapse in mid-2018. The package was sanctioned following the government\u2019s implementation of IMF-approved financial reforms proposed by the fund to alleviate the country\u2019s current account deficit, grow its economic base, and protect the lower-income groups against the social impact of the crisis.<\/p>\n

Read:\u00a0\u00a0<\/strong>ADB offers financial assistance worth USD 7.5 bn to Pakistan<\/a><\/p>\n

In a related development, the ADB has also approved a USD 300 million policy-based loan to assist the government in tackling policy infrastructure hurdles and strengthening the economy.<\/p>\n

Read:\u00a0<\/strong>ADB proposes framework to improve trade procedures in Pakistan<\/a><\/p>\n

This bolus is intended to support the first of three sub-programmes of an estimated total cost of USD 1 billion under the Energy Sector Reforms and Financial Sustainability Programme \u2013 a key component of the multi-donor economic IMF reform programme.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: The Asian Development Bank (ADB) on Friday provisioned a USD 1 billion loan package to Pakistan \u2013 geared towards providing immediate budgetary support to the national economy and to bolster the country\u2019s financial reserves on an immediate basis, according to news sources. This loan comes as part of a multi-donor economic reforms programme headed by the International Monetary Fund (IMF) to stabilise the national economy, which popularly suffered from a collapse in mid-2018. The package was sanctioned following the government\u2019s implementation of IMF-approved financial reforms proposed by the fund to alleviate the country\u2019s current account deficit, grow its economic base, and protect the lower-income groups against the social impact of the crisis. Read:\u00a0\u00a0ADB offers financial assistance worth USD 7.5 bn to Pakistan In a related development, the ADB has also approved a USD 300 million policy-based loan to assist the government in tackling policy infrastructure hurdles and strengthening the economy. Read:\u00a0ADB proposes framework to improve trade procedures in Pakistan This bolus is intended to support the first of three sub-programmes of an estimated total cost of USD 1 billion under the Energy Sector Reforms and Financial Sustainability Programme \u2013 a key component of the multi-donor economic IMF reform programme.<\/p>\n","protected":false},"author":75,"featured_media":36869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14324],"persona":[],"class_list":{"0":"post-58440","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-adb-grants-usd-1-billion-emergency-loan-to-pakistan"},"acf":[],"yoast_head":"\nADB grants USD 1 billion emergency loan to Pakistan - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Asian Development Bank (ADB) on Friday provisioned a USD 1 billion loan package to Pakistan \u2013 geared towards providing immediate budgetary\" \/>\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-grants-usd-1-billion-emergency-loan-to-pakistan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB grants USD 1 billion emergency loan to Pakistan - 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