ISLAMABAD, Dec 9 (APP):Minister for Economic Affairs, Muhammad Hammad Azhar on Monday witnessed the signing of two loans programme amounting to US $1.3 billion between the government of Pakistan and the Asian Development Bank (ADB) for economic reforms. The loan agreements were signed by Secretary, Economic Affairs Division, Dr Syed Pervaiz Abbas and Ms Xiaohong Yang, Country Director, Asian Development Bank (ADB). Under Special Policy-Based Loan (SPBL) Facility, Asian Development Bank has committed to providing US $1 billion for Economic Stabilization Programme. This programme aims at improving exchange rate management, strengthen public financial management to mobilize more revenues, restore allocated … Continue reading ADB provides $1.3 billion loan to Pakistan for economic reforms