ISLAMABAD, Pakistan: The Asian Development Bank (ADB) has assured to give Pakistan a loan worth US$ 1.7 billion to help it fight against the Coronavirus (COVID-19).
The assurance was given when the Federal Minister for Economic Affairs Khusro Bakhtiar held a virtual meeting with the President ADB Masatsugu Asakawa on Friday.
The ADB will approve US$ 800 million as budget support for Pakistan by June 2020 while the next tranche worth US$ 900 million will be provided by December 2020.
The amount will be given to Pakistan under the budget support on special discounts.
Khusro Bakhtiar thanked the Asian Development Bank president for extending the financial cooperation to Pakistan.
وفاقی وزیر اقتصادی امور خسرو بختیار کی صدر ایشین ترقیاتی بینک سے ورچوئل میٹنگ
ایشیائی ترقیاتی بینک کی پاکستان کو کورونا رسپانس کیلئے1.7 بلین ڈالر فراہم کرنے کی یقین دہانی
ایشیائی ترقیاتی بینک 800 ملین ڈالر کی بجٹ سپورٹ رواں سال جون تک منظور کریگا pic.twitter.com/Q6qa1G0szP— PTV News (@PTVNewsOfficial) April 24, 2020
ایشیائی ترقیاتی بینک 900 ملین ڈالر کی اگلی قسط دسمبر 2020 تک فراہم کریگا
پاکستان کو بجٹ سپورٹ پروگرام کے تحت رقم خصوصی رعایتی بنیادوں پر دی جائے— PTV News (@PTVNewsOfficial) April 24, 2020
Earlier on April 22, the State Bank of Pakistan received US$ 1.39 billion under the Rapid Financing Instrument by the International Monetary Fund (IMF).
#SBP has received $1.39 bn under Rapid Financing Instrument by the #IMF.
— SBP (@StateBank_Pak) April 22, 2020
 has assured to give Pakistan a loan worth US$ 1.7 billion to help it fight against the Coronavirus (COVID-19).){kind=link}