The statement comes a few days after Khusro Bakhtyar, the minister for planning and development, had claimed that Pakistan entered into an agreement with the ADB for budgetary support. The first installment of the funds $2.1 billion will be released in the first quarter of this fiscal year, Radio Pakistan reported Bakhtyar as saying. The government has been able to secure a series of aid packages from friendly countries, such as China, UAE, and Saudi Arabia in recent months. This is in addition to the $6 billion bailout package from the IMF which is currently awaiting approval from the IMF board in Washington. Follow SAMAA English on Facebook, Twitter, and Instagram.
"These discussions are ongoing and details of the plans as well as the volume of ADB's financial support, once finalized, will be contingent upon the approval of ADB management and its Board of Directors.” - Xiaohong Yang, #ADB Country Director for #Pakistan— ADBPakistan (@PakistanADB) June 16, 2019