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Asian Development Bank has approved giving 500 million dollars for Pakistan.
Finance Minister Ishaq Dar has said in a message on the social media website Twitter that the State Bank will receive Korqam in November.
Board of Asian Infrastructure Investment Bank (AIIB) has today approved USD 500 million as co-financing of Asian Development Bank (ADB) funded BRACE program for Pakistan.
These Funds will be received by State Bank of Pakistan within November 2022.— Ishaq Dar (@MIshaqDar50) November 9, 2022
On the other hand, Federal Finance Minister Ishaq Dar has also announced to withdraw appeals on the decision against interest.
The finance minister said that the Islamic banking system is being promoted in the country, and the interest-free system will be rapidly promoted in Pakistan.
Ishaq Dar said that the Federal Shariat Court had given a decision against interest, the appeals filed in the Supreme Court against the decision will be withdrawn.
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