Pakistan's Economic Resurgence: Securing $1 Billion with ADB's Backing

Pakistan has secured a $1 billion syndicated financing facility, supported by leading financial institutions and guaranteed by the Asian Development Bank. This five-year facility, primarily structured as an Islamic financial instrument, highlights renewed confidence in Pakistan's economic stability and fiscal resilience.

Devdiscourse News Desk | Islamabad | Updated: 19-06-2025 09:38 IST | Created: 19-06-2025 09:38 IST

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Country:
Pakistan

Pakistan has achieved a significant milestone by securing a $1 billion financing facility, marking a strong endorsement from prominent financial entities amid its economic challenges.

Dubai Islamic Bank, Standard Chartered, and several others spearheaded this venture, with the Asian Development Bank providing a policy-based guarantee. This momentous transaction showcases Pakistan's strengthened relationship with Middle Eastern financial markets.

Breaking new ground, this financing initiative underscores the global trust in Pakistan's fiscal improvements and macroeconomic indicators, as evidenced by a current account surplus and the curbed risk of default.

(With inputs from agencies.)