{"id":291807,"date":"2022-10-27T08:44:28","date_gmt":"2022-10-27T03:44:28","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=291807"},"modified":"2022-10-27T08:44:28","modified_gmt":"2022-10-27T03:44:28","slug":"adb-credits-1-5-billion-to-sbps-account-dar-says","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/adb-credits-1-5-billion-to-sbps-account-dar-says\/","title":{"rendered":"ADB credits $1.5 billion to SBP\u2019s account, Dar says"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nFinance Minister Ishaq Dar Wednesday announced Asian Development Bank (ADB) had released $1.5 billion to Pakistan to help boost social protection, promote food security, and create jobs in the wake of super floods as well as global supply chain disruptions.<br \/>\n\u201cAsian Development Bank has released funds $1.5 billion to Pakistan under BRACE program for the credit of Govt of Pakistan\u2019s account with State Bank of Pakistan. AlhamdoLilah!\u201d Dar said in a Twitter post.<br \/>\nThe loan, provided under ADB\u2019s Building Resilience with Active Countercyclical Expenditures (BRACE) Program, will help fund the government\u2019s $2.3 billion countercyclical development expenditure program designed to cushion the impacts of external shocks, including the Russian invasion of Ukraine.<\/p>\n<p>\u201cPakistan\u2019s recovery from the COVID-19 pandemic has been impeded by external shocks,\u201d said ADB Director General for Central and West Asia Yevgeniy Zhukov in a statement. \u201cIncreasing business costs and rising living expenses are affecting millions of Pakistanis, especially the poor and vulnerable. ADB\u2019s program will help the government manage the impacts of high prices, increasing food insecurity, slowing business activity, and reducing income for vulnerable groups, many of whom are also reeling from the devastating floods.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD Finance Minister Ishaq Dar Wednesday announced Asian Development Bank (ADB) had released $1.5 billion to Pakistan to help boost social protection, promote food security, and create jobs in the wake of super floods as well as global supply chain disruptions. \u201cAsian Development Bank has released funds $1.5 billion to Pakistan under BRACE program for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-291807","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB credits $1.5 billion to SBP\u2019s account, Dar says<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/adb-credits-1-5-billion-to-sbps-account-dar-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB credits $1.5 billion to SBP\u2019s account, Dar says\" 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