Islamabad (Web Desk): The government of Pakistan on Tuesday received US $500 million from Asian Infrastructure Investment Bank (AIIB).
According to a tweet by the ministry of finance, the funds are deposited with the State Bank of Pakistan (SBP) and would augment the country’s reserves.
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Finance Minister Ishaq Dar also confirmed that the AIIB has transferred the funds to the SBP.
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Earlier this month, the finance minister had announced that AIIB would extend $500 million as co-financing for a development programme in Pakistan.