ADB and Pakistan to sign loan agreements worth $1.535bn


ISLAMABAD: The Asian Development Bank (ADB) will provide a loan worth $1.535 billion to Pakistan for investment in civic, health, and energy sectors.

According to the details, the two sides will sign a total of six agreements for the loan at the Economic Affairs Division. Federal Minister for Economic Affairs Omar Ayub Khan, and Vice-President of ADP will attend the signing ceremony.

Of the total loan of $1.535bn, $300 million will be utilised for financial sustainability and energy projects. A total of $600 million will be used in the Ehsaas programme, while $380 million in the City Improvement Investment Project of Khyber Pakhtunkhwa.

For the Central Asia Economic Transport Corridor Development Programme, an agreement of $235 million will be signed.

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