$750m borrowed for pensions, PPP

The government has approved taking $750 million, or Rs209 billion, in foreign loans for finalising a framework to reduce pension liabilities, improving engagement with employees to bring them into the scheme and encouraging private partnership for public infrastructure projects. The stated objectives of the two loans, which are being negotiated with the Asian Development Bank (ADB), suggest that none of these goals requires foreign lending, only the political will to expand the scope of the contributory pension scheme to all employees, including the armed forces. The sources said the loans wer

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