A spokesperson of the EAD confirmed to The Express Tribune that $1.2 billion in loan agreements with the ADB have been inked. Of the $1.2 billion, ADB will provide $400 million in budget support under two different deals, said the officials. design: mohsin alamThe ADB is expected to disburse a $300 million loan under the so-called Domestic Resource Mobilisation programme this week. Pakistan has taken a $300 million loan to strengthen the tax administration and increase collection – a task that does not need any foreign borrowing. The 15-year tenor of the ADB loan is also relatively shorter than its previous financing to Pakistan.

Source: The Express Tribune December 20, 2023 20:09 UTC