Pakistan to get $500m from AIIB for development plan


Finance Minister Ishaq Dar on Wednesday said Pakistan will receive $500 million as co-financing for a development programme from the Asian Infrastructure Investment Bank.

The Building Resilience with Active Countercyclical Expenditures Programme is an Asian Development Bank financing programme to counter the social fallouts of economic crisis.

“These funds will be received by the State Bank of Pakistan within November 2022,” Dar tweeted.

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