Pakistan expecting to get loan of a billion dollars from ADB

Posted By Arsalan Ali on Dec 23, 2013 | 0 comments

Islamabad … Development projects financed by the Asian Development Bank is expected to lend 1 billion dollar to Pakistan.

Officials say the Asian Development Bank loan to finance 27 development projects will be given. Officials said the $ 40 million first tranche of the loan is expected to be released in April 2014.

Also a new business plan to the bank during the years 2014 and 2016 more than $ 3 billion worth of projects approved, and this amount of energy, water and agricultural development of reserves will be used.