ISLAMABAD: Pakistan has signed a $475 million loan agreement for flood relief with the Asian Development Bank (ADB), the country's economic affairs minister said on Thursday, taking the total for the year to $2.7 billion with the agency.Floods caused by abnormal monsoon rains and a melting glacier submerged huge swathes of the country earlier this year and killed nearly 1,700 people, the majority of them children and women.Minister Ayaz Sadiq said the concessionary ADB loan was signed at the rate of 1% for a period of 40 years.“The impression that’s being spread is that God forbid, Pakistan is going to be bankrupt, or it is in financial crisis. There is nothing like that,“ Sadiq said in a re
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