Pakistan, June 18 -- Pakistan and the Asian Development Bank (ADB) have signed a $1 billion financing agreement. The deal includes both Islamic and traditional financing methods. It will support Pakistan's economic reforms over the next five years. Officials say this agreement reflects growing international trust in Pakistan's financial direction. The government hopes it will help strengthen its global financial position.

According to the Ministry of Finance, the deal is a multi-tranche facility covering five years. Islamic financing makes up 89% of the total, while traditional financing covers 11%. Moreover, ADB's policy-based guarantee protects part of the financing. This guarantee helped Pakistan regain entry into global financial mar...