ISLAMABAD: The Asian Development Bank (ADB) on Monday offered more loans to Pakistan for reforms in institutional capacity building and budget support on top of its existing debt stock of about $17 billion.

The offer to Finance Minister Muhammad Aurangzeb was made by an ADB delegation led by its Country Director Emma Fan, Director General for Central and West Asia Department Leah Gutierrez along with senior officials from the local ADB team.

The Manila-based ADB is the second largest multilateral to Pakistan in terms of the debt stock which stood at $16.9bn as of end-June 2025 and third largest among all lenders led by China and then the World Bank.

As of now, the ADB has committed 764 public sectors loans, grants and technical assistance totalling $43.4bn to Pakistan, according to the lending agency. Pakistan’s total external debt stock stands at $107bn by end-June 2025, according to the IMF.

Ms Fan “emphasised ADB’s willingness to support reforms aimed at improving implementation efficiency and strengthening institutional capacity…and confirmed readiness to provide further budget support aligned with the Extended Fund Facility (of the International Monetary Fund), announced the........

© Dawn Business