
ADB Approves $320m Loan to Pakistan for IT and Financial Services
An ADB loan package totaling US$320 million will improve access of Pakistan's poor to wider financial services. Key activities will include:
- the promotion of better technology for delivering financial services more efficiently and at lower cost
- expanding the range and quality of financial products and services including those for the Islamic market
- developing public-private partnerships
- stepping up reliable business and credit information and systems
- expanding fast, reliable and lower-cost remittance services for overseas workers
- capacity building for financial institutions and authorities
- support for literacy (financial and basic) to improve access to finance and its utilization for sustained economic growth.
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