ADB approves $300m loan for Pakistan to enhance trade competitiveness

General

The Asian Development Bank will provide Pakistan a loan of 300 million dollars to enhance trade competitiveness and diversification to improve exports.

To this effect, an agreement of Trade and Competitiveness Programme was signed in Islamabad on Friday.

Minister for Economic Affairs Makhdum Khusro Bakhtyar witnessed the signing ceremony.

Speaking on the occasion, Country Director ADB Ms.Xiaohong Yang said the bank is providing its support for policy reforms and project financing in the sectors of financial management, energy, road, social sector, water and irrigation and urban services.

 

Source: Radio Pakistan