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ADB announces $7.1b financial package for Pakistan

October 09, 2018 00:00:00


ISLAMABAD, Oct 08 (Xinhua): The Asian Development Bank (ADB) announced on Sunday a massive investment package worth 7.1 billion US dollars for Pakistan.

Vice President of ADB, Wencai Zhang said in a statement issued on Sunday, "ADB plans to significantly increase the country's sovereign operations to 7.1 billion US dollars over three years." The financial package would help Pakistan achieve an inclusive and a sustainable growth for over the next three years.

The statement said, "along with its continued focus on energy, infrastructure development, and institutional reforms, ADB is also re-engaging in education and health, and social safety net through income support programme."

Zhang further stated that the ADB designed the financial package under a country partnership strategy for years from 2018 to 2020. The ADB official also hailed the newly-elected Pakistani government's 100-day agenda.


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