Pakistan, ADB sign $15 million loan agreement

By: News Desk      Published: 05:50 PM, 28 Apr, 2020
Pakistan, ADB sign $15 million loan agreement

Pakistan and Asian Development Bank have signed a $15 million loan agreement, reported 24NewsHD TV channel on Tuesday.

According to details, the ADB will provide the loan of $15 million at a concessional rate for the development projects in rural Punjab.

Secretary Economic Affairs Division has signed a declaration of loan for engineering and urban development projects in seven major cities of Punjab.

The cities include Bahawalpur, Dera Ghazi Khan, Multan, Muzaffargarh, Rahim Yar Khan, Rawalpindi and Sargodha. This project shall complete on October 31st, 2022.

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