Pakistan, June 3 -- The Asian Development Bank (ADB) approved an $800 million program to strengthen fiscal sustainability and improve public financial management in Pakistan.The Improved Resource Mobilization and Utilization Reform Program, Subprogram 2, includes a policy-based loan of $300 million, and ADB's first ever policy-based guarantee of up to $500 million, which is expected to mobilize financing of up to $1 billion from commercial banks. The program supports far-reaching reforms to improve tax policy, administration, and compliance, while enhancing public expenditure and cash management. It also promotes digitalization, investment facilitation, and private sector development. These measures aim to reduce Pakistan's fiscal deficit a...