At the current exchange rate, one billion dollars is equivalent to about 281 billion rupees, which is enough to build a new airport or hundreds of schools.
Dr. Akhtar Gulfam, Editor-in-Chief,Daily Dawn, Director News, Dawn TV
Islamabad: The government has decided to take another loan of one billion dollars in the name of governance.
Pakistan has decided to take two foreign loans of one billion dollars to improve the efficiency of the tax system, bring transparency to expenditures, and ensure the implementation of the law by government institutions.
According to official documents, the government will obtain a loan of 600 million dollars from the World Bank under the “Pakistan Public Resources for Inclusive Development Program,” and a loan of 400 million dollars from the Asian Development Bank under the “Accelerating State and Enterprise Transformation Program.”
At the current exchange rate, one billion dollars is equivalent to approximately 281 billion rupees, which is enough money to build a new air base or hundreds of schools. However, these loans will be obtained as budget support and will not be used to build any new assets.
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