Pakistan to get $178 mn ADB assistance on easy installments

ISLAMABAD: The Asian Development Bank (ADB) will extend financial assistance of 178 million dollars to Pakistan on easy installments for 20 years.

The agreement in this regard was signed between Secretary Finance and Country Director ADB here on Thursday.

Speaking on the occasion, Finance Secretary Salim Sethi said the amount will be spent on the construction of Gojra-Shorkot motorway.

He said the motorway’s 62 kilometer section is part of the Pak-China Economic Corridor.

Salim Sethi said the construction of Gojra-Shorkot motorway will cut by half the travel duration of Islamabad-Toba Tek Singh and Lahore-Toba Tek Singh.