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Islamabad: The Asian Development Bank (ADB) has proposed a $7.5-billion lending programme for Pakistan for next three years, allocating one-third of the total for budgetary support to the government. Pakistan’s largest lender on Thursday unveiled its Country Operation Business Plan for 2019 to 2021, which would cover first three years of the Pakistan Tehreek-e-Insaf (PTI) government. Of the proposed sovereign lending programme of $7.5 billion, over 71% or $5.3 billion will be given on commercial terms.
The remaining $2.2 billion will have concessionary interest rates, according to the ADB. However, against the proposed lending plan of $7.5 billion, the ADB indicated that available resources during the period would be $5.7 billion. The overall lending size is consistent with the last three-year Country Operation Business Plan. (tribune.com.pk)
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15/12/2018
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