Asian Development Bank transferred One and a half billion dollars to Pakistan.

The Asian Development Bank has released US$1.5 billion to the State Bank of Pakistan, the Economic Affairs Division confirmed. Sources said that the agreement between Pakistan and the Asian Development Bank was signed on Monday and after the money transfer, Pakistan's foreign exchange reserves have increased to more than $9 billion.

According to the Economic Affairs Division, the aid is aimed at supporting the government's efforts to deal with rising energy and fuel prices due to supply chain disruptions and the negative impact of inflation on the poor and vulnerable. Accomplishment measures and support for businesses are to support the government's counter-cyclical growth spending.

According to the Economic Affairs Division, the Brace program will strengthen the measures taken to promote strong economic growth. In the wake of the floods, it will support the Government's crisis response financial measures.

 According to a statement released by the Economic Affairs Division, the Brace program will help increase food security measures, increase support for businesses and employment protection measures.