The Asian Development Bank (ADB) has approved a policy-based $300 million loan for Pakistan to improve its trade competitiveness, help export diversification, and aid its macroeconomic stability. “While COVID-19 hit Pakistan at a critical point in its macroeconomic recovery, the government’s ongoing efforts to ensure stability have started showing encouraging results this fiscal year,” said ADB Principal Public Management Specialist Hiranya Mukhopadhyay. He added that the programme will support these efforts and help Pakistan to improve its export competitiveness — now more important than ever given the impacts of the pandemic. The programme seeks to help Pakistan recover its cu
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