Yong ye, Song by Richie Jen

Amid the testing time for Pakistan's economy, the Asian Development Bank (ADB) is set to provide USD 6 billion over a three-year period to the country, local media said.This announcement was made by the country director of the ADB, Yong Ye, who called on Pakistan Finance Minister Shaukat Tarin on Friday, Samaa TV reported.Finance Minister Shaukat Tarin said the Pakistani government was committed to pursuing inclusive, efficient, and sustainable economic growth.According to the Samaa, Tarin told the ADB director that country's reform in the power sector and efforts to boost revenue collection had started yielding positive results.The finance minister said that the Economic Advisory Council had prepared recommendations to bring structural reforms in 14 sectors of the national economy. He added that short, medium and long-term plans had been formulated to achieve this objective.Last month, Pakistan Muslim League-Nawaz (PML-N) President and Leader of Opposition Shehbaz Sharif had slammed the Pakistan Tehreek-e-Insaf (PTI) government saying that the ruling party has drowned the country's economy under debts.He also lashed out at the Imran Khan government over the "unprecedented level" of inflation in the country and added that during its three-year tenure, it did not build a "single penny" project, The Express Tribune reported."Five million people have been rendered unemployed by the incumbent government, it has become impossible for the poor to afford two square meals a day," Shehbaz Sharif had said while addressing a National Assembly session in Islamabad.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Yong YeFOLLOW

Yong ye, Latest News

International :ADB advises Pakistan to provide targeted subsidies, enhance tax-to-GDP ratio

Islamabad [Pakistan], May 8 : Predicting that Pakistan's economy will grow at just 0.6 per cent this year, the ... ...

International :Pakistan inks loan agreements worth USD 1.535 bn with Asian Development Bank

Pakistan's government and the Asian Development Bank (ADB) have signed six financial loan agreements worth USD 1.543 billion to help finance projects related to roads, energy, urban infrastructures and others, a media report said. ...

International :ADB to provide USD 6 billion in three years to Pakistan

Amid the testing time for Pakistan's economy, the Asian Development Bank (ADB) is set to provide USD 6 billion over a three-year period to the country, local media said. ...