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DG ADB Meets Adviser To PM On Finance

Pakistan will receive 3.4 billion U.S. Dollar in budgetary support from the Asian Development Bank.

The announcement was made during a meeting of Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh with Director General Asian Development Bank Werner Leipach and Country Director Asian Development Bank Xiaohong Yang.

Asian Development Bank is keen to provide balance of payment financing to support government of Pakistan's structural reform agenda.

The D.G. Briefed the adviser that in addition to strong project portfolio, the bank was also keen to provide balance of payment financing, said a press statement issued by the finance ministry.

This budgetary support is estimated to be about 2 billion dollars in the fiscal year 2020 and will broadly cover such policy reform areas as trade competitiveness, energy sector and capital markets development.