A Manila based lending company announces $200 million loan for BISP
According to the details, the ADB will increases average lending to Pakistan to $ 2.4 billion a year under its approved Country Operations business Plan of 2020 to 2022. Previously, the regional bank was providing $ 1.4 billion on average from 2015 to 2018.
Media reports suggest that Benazir Income Support Program will also be provided a $ 200 million load as additional financing by a Manila based lending agency. A social financial protection development project, they said, would also be backed by ADB during the next five years.