ADB to give Pakistan up to $2.5 bln in flood relief support

[FOOLS_NIGHTMARE]

Asian Development Bank has announced to provide flood relief support to Pakistan to the tune of 2.3 to 2.5 billion dollars including 1.5 billion dollars for the BRACE program.

This was assured by the Country Director of Asian Development Bank Yong Ye who called on Federal Minister for Finance and Revenue Mohammad Ishaq Dar in Islamabad on Wednesday.
He said the program will be placed before the Asian Development Bank’s Board for approval during this month.

The Country Director Asian Development Bank extended felicitations to Finance Minister on assuming the charge of the office and expressed sympathy on the loss of lives and properties in the devastating floods in Pakistan.

Finance Minister Senator Mohammad Ishaq Dar welcomed him and appreciated Asian Development Bank’s role and support in promoting sustainable development in Pakistan.

He apprised the delegation of devastation caused by the recent floods in the country and its impact on the economy of Pakistan. He said that present government with its pragmatic policy decisions has set the economy in right direction.

He also informed about ongoing and future projects of Asian Development Bank in different sectors including social protection, food security and energy sectors. Regarding the Country Partnership Strategy for Pakistan 2021-25, it was shared that this strategy is in line with the vision of government of Pakistan.

The Finance Minister expressed gratitude to Asian Development Bank’s delegation for their persistent support and assured them of full cooperation by the government for swift execution of the ongoing and future programs.

ADB to give Pakistan up to $2.5 bln in flood relief support

ADB to give Pakistan up to $2.5 bln in flood relief support

dunyanews.tv

 

[Clutch]

View attachment 884973
Asian Development Bank has announced to provide flood relief support to Pakistan to the tune of 2.3 to 2.5 billion dollars including 1.5 billion dollars for the BRACE program.

This was assured by the Country Director of Asian Development Bank Yong Ye who called on Federal Minister for Finance and Revenue Mohammad Ishaq Dar in Islamabad on Wednesday.
He said the program will be placed before the Asian Development Bank’s Board for approval during this month.

The Country Director Asian Development Bank extended felicitations to Finance Minister on assuming the charge of the office and expressed sympathy on the loss of lives and properties in the devastating floods in Pakistan.

Finance Minister Senator Mohammad Ishaq Dar welcomed him and appreciated Asian Development Bank’s role and support in promoting sustainable development in Pakistan.

He apprised the delegation of devastation caused by the recent floods in the country and its impact on the economy of Pakistan. He said that present government with its pragmatic policy decisions has set the economy in right direction.

He also informed about ongoing and future projects of Asian Development Bank in different sectors including social protection, food security and energy sectors. Regarding the Country Partnership Strategy for Pakistan 2021-25, it was shared that this strategy is in line with the vision of government of Pakistan.

The Finance Minister expressed gratitude to Asian Development Bank’s delegation for their persistent support and assured them of full cooperation by the government for swift execution of the ongoing and future programs.

ADB to give Pakistan up to $2.5 bln in flood relief support

ADB to give Pakistan up to $2.5 bln in flood relief support

dunyanews.tv

Yaaa... More money for London properties... Foolish ADB!... Lol... We the corrupt PDM are gonna rob you blind!... Suckers!!!! Lol

What a bunch of fools they have at the ADB! Lol

 

[Danish Moazzam]

They are not foolish, they will collect husge protion of that as services and administrative fees and them will enjow interest on the money given.

The only people affected will be the people of PK

 

[Wood]

Great news for Pakistan. World bank has also approved $2 billion. The government has done a commendable job in securing this amount of

 

[xyxmt]

this news gave showbaz such a hard on that he proposed to his 5th wife.

 

[Black Tornado]

Great news for Pakistan. World bank has also approved $2 billion. The government has done a commendable job in securing this amount of

Gotta praise Shebhaz Sharif's begging skills, truly next level .

 

[crankthatskunk]

No wonder Ishaq Dar has come back to Pakistan as FM. There is money for him to play with and do his magic of lies, cooking figures, fraud etc. for his and Sharifs benefits. Something he has done for life.

 

[JackTheRipper]

Its Loan,
Not Aid, Lol

ADB will provide $2.3bn to $2.5bn loan to Pakistan for flood relief​

ADB will provide $2.3bn to $2.5bn loan to Pakistan for flood relief

ISLAMABAD: The Asian Development Bank will provide $2.3 to 2.5 billion loan to Pakistan for flood relief, including $1.5 billion within the ongoing month.The ADB’s executive board is expected...

www.thenews.com.pk

And loan is even on higher interest rate, is over 3%. They were near to provide $1.5bn loan, but now increased it to $2.3bn to $2.5bn. read old news from September 15, 2022.

ADB to give Pakistan $1.5b at higher cost | The Express Tribune

Total interest rate is over 3%; one of most expensive rates by standards of World Bank and ADB

tribune.com.pk

 

[maithil]

Its Loan,
Not Aid, Lol

ADB will provide $2.3bn to $2.5bn loan to Pakistan for flood relief​

ADB will provide $2.3bn to $2.5bn loan to Pakistan for flood relief

ISLAMABAD: The Asian Development Bank will provide $2.3 to 2.5 billion loan to Pakistan for flood relief, including $1.5 billion within the ongoing month.The ADB’s executive board is expected...

www.thenews.com.pk

And loan is even on higher interest rate, is over 3%. They were near to provide $1.5bn loan, but now increased it to $2.3bn to $2.5bn. read old news from September 15, 2022.

ADB to give Pakistan $1.5b at higher cost | The Express Tribune

Total interest rate is over 3%; one of most expensive rates by standards of World Bank and ADB

tribune.com.pk

3% from ADB seems excessive.. depends on duration as well. If it's short, then big headache for coming government.

 

[Clutch]

Great news for Pakistan. World bank has also approved $2 billion. The government has done a commendable job in securing this amount of

Beggars can't be Choosers.

 

[Darth Vader]

 

[Catalystic]

No help or aid for real affectees of floods but billions available for these crooks to gobble up
Pretty sure many will get new latest cars, big plots/houses in posh areas while ppl burdened with more taxes/surcharges

Surely these crooks will spend infinity in the hellfire, for such treacherous behaviour. They might escape worldly punishments but in afterlife they would pay dearly for it
What kind of corrupt parents these ppl had, to resort to unlimited corruption

 

[Wood]

Gotta praise Shebhaz Sharif's begging skills, truly next level .

Beggars can't be Choosers.

To be fair, even developed countries like the US seek assistance and support from the global community during times of natural calamity. The degree of desired assistance will vary based on the impact of the calamity. Pakistan's recent floods are said to have affected 1/3rd of the entire country. This is a major disaster and the world community empathizes with the struggles faced by the country.

We can admire the fact that the young (and relatively inexperienced) Foreign Minister Bilawal and the minister for climate change Sherry Rehman have managed to take the world attention in such a big way. The world at large has come to agree that these floods are a result of climate change. Most news outlets that I subscribe to from Canada and US have carried the appeal and reason for help from Pakistan's ministers in prime time. Their good efforts have resulted in this massive financial assistance package for the country.