ADB an­nounces new $1.2b an­nual pack­age for Pak­istan

The Pak Banker - - FRONT PAGE -

The Asian De­vel­op­ment Bank said Tues­day it has ap­proved a new as­sis­tance pro­gramme for Pak­istan worth $1.2 bil­lion an­nu­ally, to im­prove in­fra­struc­ture and cre­ate jobs.

The Manila-based bank said Pak­istan, which has suf­fered slug­gish growth in re­cent years, was on track to meet tar­gets for cut­ting poverty. But it said over­all de­vel­op­ment was be­low po­ten­tial and fur­ther in­sti­tu­tional re­forms were needed.

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