New Delhi, Dec. 6 -- The Asian Development Bank (ADB) has approved an emergency loan of $1 billion for Pakistan to provide immediate support to the country's finances and help strengthen a slumping economy, according to a statement issued.
The quick dispersing loan is part of a multi-donor economic reform programme spearheaded by the International Monetary Fund (IMF) to stablise the country's economy which crumbled mid-2018, Dawn news reported citing the statement as saying.
The loan was approved after the Pakistan government implemented a series of reforms and actions, supported by IMF, to improve the country's "current account deficit, strengthen its revenue base, and protect the poor against the social impact of the economic crisis".
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