SBP receives $1 billion from World Bank, ADB in fight against COVID-19.
KARACHI -- The State Bank of Pakistan (SBP) has received $1billion - $500 million each from World Bank (WB) and Asian Development Bank (ADB) on Wednesday to facilitate the country during its fight against coronavirus.
Earlier this month, the ADB had approved a loan worth $500 million to Pakistan to help the country's coronavirus health and economic response and "protect poor" citizens.
The development - part of the COVID-19 Active Response and Expenditure Support (CARES) Programme - comes following a meeting of the ADB's Board of Directors in Philippines'...
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