The Asian Development Bank (ADB) is expected to provide Pakistan with an additional $2.5 billion in budgetary support in fiscal year 2022-2023 as the government seeks assistance to address a growing balance of payments crisis, according to The News.

According to the administration, $1.5-2 billion may be available in the coming fiscal year.

During a meeting with Minister of State for Finance and Revenue Dr Aisha Ghous Pasha, ADB Country Director Yong Ye revealed the funding plan.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Gaza death toll rises to 39,653 since October 7: Health Ministry

Gaza’s Health Ministry on Tuesday said that at least 39,653 Palestinians were…

Govt to allocate Rs4 bln for E-Bikes

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Friday said…

Turkey accuses Israel of sabotaging peace with Damascus air strikes

Israeli air strikes on Damascus – attacking the Syrian military headquarters, Defence…

President Alvi refuses to sign Supreme Court bill

Islamabad: President Dr. Arif Alvi returned the Supreme Court (Practice and Procedure)…