Advertisement
News

Pakistan Secures $500 Million ADB Loan for Climate Protection Initiatives

Advertisement

Finance Minister Muhammad Aurangzeb has expressed appreciation to the Asian Development Bank (ADB) for approving a $500 million loan to support climate protection efforts in Pakistan.

Meeting with ADB President Masatsugu Asakawa in Washington, Aurangzeb praised the bank’s continuous support for Pakistan’s development, particularly in bolstering disaster safety measures.

The discussion also focused on strategies for increasing Pakistan’s revenues, enhancing regional cooperation, and expediting the completion of the ADB office in Islamabad. Aurangzeb expressed optimism for the swift implementation of the ADB’s country partnership framework.

The ADB board will review Pakistan’s request for further funding in a meeting scheduled for October 29.

Advertisement
News Desk

Recent Posts

Federal Government Plans 25% Salary Hike and New Allowances for Employees

The federal government is set to implement significant salary increases and new allowances for its…

2 days ago

Full Justice for May 9 Riots Dependent on Punishing Masterminds: ISPR

Complete justice over the May 9 incidents would be served when the masterminds and planners…

2 days ago

CCP Fines Karachi Dairy Associations for Collusion in Milk Price Hikes

The Competition Commission of Pakistan (CCP) has levied fines on dairy associations in Karachi for…

2 days ago

AKU’s Dr Zulfiqar Bhutta Honoured Globally

In a proud moment for Pakistan and the global healthcare community, Dr Zulfiqar Ahmed Bhutta,…

2 days ago

OGRA Reduces LNG Prices for December

The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in liquefied natural gas…

2 days ago

Trudeau’s Government on Brink of Collapse as NDP Pledges No-Confidence Motion

Canadian Prime Minister Justin Trudeau is on the verge of losing power after New Democratic…

2 days ago