Pakistan to get $500 million from AIIB for development program

Pakistan Finance Minister Ishaq Dar said that Asian Infrastructure Investment Bank (AIIB) will give $500 million to Pakistan as co-financing for a development program. The fund will be used for Asian Development Bank's Building Resilience with Active Countercyclical Expenditures (BRACE) program to counter the social fallouts of economic crisis. Dar said, "The fund will be received in November."