Islamabad (Web Desk): The government of Pakistan on Tuesday received US $500 million from Asian Infrastructure Investment Bank (AIIB).
According to a tweet by the ministry of finance, the funds are deposited with the State Bank of Pakistan (SBP) and would augment the country’s reserves.
Finance Minister Ishaq Dar also confirmed that the AIIB has transferred the funds to the SBP.
Earlier this month, the finance minister had announced that AIIB would extend $500 million as co-financing for a development programme in Pakistan.