Pakistan says Asian Development Bank could provide $2.5 billion for next fiscal year Arab News PK


Source: arabnews.pk arabnews.pk

Key Topics in this News Article:

News Snapshot:

ISLAMABAD: The Pakistani finance ministry said on Thursday the Asian Development Bank had indicated it could provide additional support of $2.5 billion to the cash-starved nation for the next fiscal year, of which up to $2 billion would be available in the ongoing calendar year. The statement comes as Pakistan is waiting to resume talks on its seventh review of a $6 billion IMF rescue package agreed in July 2019. If the review is approved, the IMF will release over $900 million and unlock other external funding. With a yawning current account deficit and dwindling foreign reserves, the South Asian...