ADB approves expensive $250 million loan
Islamabad: The Asian Development Bank (ADB) on Wednesday approved an expensive $250 million loan to support policies to shift funding for major projects from the budget to the private sector, amid frustration from Prime Minister Shehbaz Sharif over the lack of progress in the private sector. funded programs. . The Manila-based lender’s board of directors has approved the release of the first tranche of its expensive and relatively short-term $500 million fiscal support loan for Pakistan. The loan has been approved under the name of Promoting Sustainable Public-Private Partnership in Pakistan. In an official statement, ADB said the policy-based loan


