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Your email address will not be published.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

Eleven Palestinians wounded as Israeli forces raid Aqabat Jabr refugee camp

Eleven Palestinians were wounded during an Israeli raid on Aqabat Jabr refugee…

UK’s Starmer, Israel’s Herzog clash over Gaza during ‘tough’ meeting

British Prime Minister Keir Starmer and Israeli President Isaac Herzog have argued…

South Balochistan Development initiative

On Thursday, Asad Umer, Federal minister for planning and development presided a…

“Israeli denials of access hinder Gaza aid”: Ocha

The UN Office for the Co-ordination of Humanitarian Affairs (Ocha) said its…