{"id":99261,"date":"2024-09-18T12:09:41","date_gmt":"2024-09-18T07:09:41","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99261"},"modified":"2024-09-18T12:09:43","modified_gmt":"2024-09-18T07:09:43","slug":"adb-pledges-usd-2bn-annual-loan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-pledges-usd-2bn-annual-loan.html","title":{"rendered":"ADB pledges USD 2bn annual loan support to Pakistan"},"content":{"rendered":"\n<p>Islamabad: The Asian Development Bank (ADB) has announced a significant financial commitment to Pakistan, pledging USD 2 billion in annual loans starting from 2024, as reported on September 18.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/adb-funds-usd-320m-project-to-improve-kp.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB funds USD 320m project to improve KP\u2019s rural road connectivity<\/a><\/p>\n\n\n\n<p>As per details, this support will amount to USD 8 billion over four years, with USD 1 billion each year offered at a concessional rate of 2 percent. ADB President Masatsugu Asakawa, during his visit to Islamabad, confirmed the pledge and highlighted key areas of collaboration, including public-private partnerships, energy sector reforms, and climate resilience. As part of the visit, Asakawa also inaugurated ADB\u2019s new permanent mission in Islamabad.<\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/adb-proposes-tax-reforms-reviews.html\" target=\"_blank\" rel=\"noreferrer noopener\"> ADB advocates for real estate tax reforms<\/a><\/p>\n\n\n\n<p>In a notable development, ADB and Pakistan&#8217;s Prime Minister Shehbaz Sharif witnessed the signing of USD 720 million in loans dedicated to flood recovery efforts in Sindh and Khyber Pakhtunkhwa. Sharif used the occasion to underscore the ongoing reforms in energy and tax revenue sectors aimed at stabilising Pakistan\u2019s economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Development Bank (ADB) has announced a significant financial commitment to Pakistan, pledging USD 2 billion in annual loans starting from 2024, as reported on September 18. Read: ADB funds USD 320m project to improve KP\u2019s rural road connectivity As per details, this support will amount to USD 8 billion over four years, with USD 1 billion each year offered at a concessional rate of 2 percent. ADB President Masatsugu Asakawa, during his visit to Islamabad, confirmed the pledge and highlighted key areas of collaboration, including public-private partnerships, energy sector reforms, and climate resilience. As part of the visit, Asakawa also inaugurated ADB\u2019s new permanent mission in Islamabad. Read: ADB advocates for real estate tax reforms In a notable development, ADB and Pakistan&#8217;s Prime Minister Shehbaz Sharif witnessed the signing of USD 720 million in loans dedicated to flood recovery efforts in Sindh and Khyber Pakhtunkhwa. Sharif used the occasion to underscore the ongoing reforms in energy and tax revenue sectors aimed at stabilising Pakistan\u2019s economy.<\/p>\n","protected":false},"author":89,"featured_media":98150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[6445,57991,2086,1684,58933],"persona":[],"class_list":{"0":"post-99261","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-adb","9":"tag-adb-news-and-updates","10":"tag-asian-development-bank","11":"tag-islamabad-news","12":"tag-public-private-partnership-authority","13":"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 Pledges USD 2bn Annual Loan - Zameen News<\/title>\n<meta name=\"description\" content=\"ADB pledges USD 2B annual loans to Pakistan from 2024, including $720M for flood recovery, with USD 1B at concessional rates.\" \/>\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-pledges-usd-2bn-annual-loan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB Pledges USD 2bn Annual Loan - Zameen News\" \/>\n<meta property=\"og:description\" content=\"ADB pledges USD 2B annual loans to Pakistan from 2024, including $720M for flood recovery, with USD 1B at concessional rates.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-pledges-usd-2bn-annual-loan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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