The Asian Development Bank (ADB) on Friday said that it will grant a loan worth $300 million to Pakistan so that the country's macroeconomic stability could be promoted.

According to a press release issued by the bank, the loan will facilitate improved trade competitiveness and export diversification.

“While COVID-19 hit Pakistan at a critical point in its macroeconomic recovery, the government’s ongoing efforts to ensure stability have started showing encouraging results this fiscal year,” said ADB Principal Public Management Specialist Hiranya Mukhopadhyay.

https://www.thenews.com.pk/latest/750092-pakistan-to-receive-300-bn-grant-from-asian-development-bank