Pak to pay ADB $7m as fines for non-usage of loans


Pakistan would pay a sum of $7 million to Asian Development Bank (ADB) as fines if it fails to utilize loans worth $4.5b, media sources have reported. ADB had granted $6.4 to Pakistan as loans to finance various projects but the federal government has only utilized an amount worth $1.80b. ADB imposes commitment fee of Read More