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SBP receives $1.2bn from ADB

Syed Umarullah HussainiWeb Editor

10th Dec, 2019. 10:23 am
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state bank of pakistan

The State Bank of Pakistan (SBP) has received $1.2 billion from the Asian Development Bank (ADB) under the budget support fund.

According to the details, SBP on its official twitter handle confirmed the transfer of the loan amount to Pakistan.

The ADB has reaffirmed its commitment to continue supporting Pakistan on economic front.

Yesterday, Pakistan and the Asian Development Bank (ADB) had signed a loan agreement of $1.2 billion in Islamabad.

The agreement was finalised in the present of Federal Minister for Economic Affairs Hammad Azhar in the federal capital.

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