Abb Takk News

Pakistan, ADB Sign $300m Loan Agreement

ISLAMABAD: The Asian Development Bank (ADB) and Pakistan on Friday signed loan agreement of $300 million for strengthening public health response to coronavirus and helping the poor segments of the society.

Federal Secretary of the Economic Affairs Division Noor Ahmed and ADB Country Director for Pakistan Xiaohong Yang signed the agreement on the loan, which will strengthen Pakistan’s public health response to COVID-19 and help meet the basic needs of the poor and vulnerable.

Secretary of the Poverty Alleviation and Social Safety Division Yousuf Khan and Chief Executive of the National Disaster Risk Management Fund (NDRMF) Nadeem Ahmed signed the project documents. Parliamentary Secretary for Economic Affairs Division Mohammad Yaqoob Shaikh witnessed the signing ceremony.