SBP receives $1 billion from World Bank, ADB in fight against COVID-19

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The central bank has received $500 each from World Bank and Asian Development Bank. Photo: Reuters/File The State Bank of Pakistan (SBP) has received $1billion ? $500 million each from World Bank (WB) and Asian Development Bank (ADB) on Wednesday to facilitate the country during its fight against coronavirus. Earlier this month, the ADB had approved a loan worth $500 million to Pakistan to help the country’s coronavirus health and economic response and “protect poor” citizens.

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