Daily Current Affairs / Pakistan Secures $1 Billion in Long-Term Syndicate Financing Backed by ADB:
Category : Business and economics Published on: June 23 2025
Pakistan's Finance Ministry has finalized a five-year syndicated financing deal worth $1 billion. The funding is partially guaranteed under the Asian Development Bank’s “Improved Resource Mobilisation and Utilisation Reform” initiative. Dubai Islamic Bank and Standard Chartered are key players in coordinating and arranging this crucial financial support amid Pakistan’s economic struggles.
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