Cash-strapped Pakistan inks deal with ADB, to get USD 3.4 billion
Islamabad: Pakistan will get a loan of USD 3.4 billion from the Asian Development Bank for budgetary support, Prime Minister Imran Khan's adviser on finance has said as the cash-strapped country tries to overcome a ballooning balance-of-payments crisis that threatens to cripple its economy.
Of the total amount, USD 2.1 billion would be released within a year of the agreement between the ADB and the finance ministry, Federal Minister for Planning, Development and Reforms Khusro Bakhtiar was quoted as saying by Dawn.
The loan from the Philippines-headquartered global finance institution was "on a concessional rate", the minister said.
Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh said on Twitter that the ADB will provide USD 3.4 billion to Pakistan for budgetary support.
"USD 2.2 billion will be released this fiscal year (FY), starting in the first quarter of FY 2019-20. This will help the reserve position and the external account," he said in a tweet.
ADB's Director General Werner Leipach and its country director Xiaohong Yang called on Shaikh and discussed with him matters relating to ADB's upcoming operations in Pakistan, the finance ministry said in a statement.
"The director general (Leipach) briefed the adviser that in addition to strong project portfolio, the bank is also keen to provide balance of payments financing to support the government of Pakistan's structural reform agenda," according to the statement.
Pakistan seeks help to overcome a ballooning balance of payments crisis.
Last month, it reached an agreement in principle with the International Monetary Fund (IMF) for a three-year, USD 6 billion bailout package aimed at shoring up its finances and strengthening a slowing economy.
The ADB financing would come on top of the IMF loan.
In April, three influential US lawmakers urged the Trump adminstration to oppose the proposed multi-billion bailout package being sought by Pakistan from the IMF arguing it could be used to repay the Chinese debt.
Chine is investing heavily in Pakistan under the USD 60 billion China-Pakistan Economic Corridor (CPEC).
Launched in 2015, CPEC is a planned network of roads, railways and energy projects linking China's resource-rich Xinjiang Uyghur Autonomous Region with Pakistan's strategic Gwadar Port on the Arabian Sea.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
US pauses visa processing for individuals from 75 countries
New York/Washington (PTI): The Trump administration on Wednesday announced pausing immigrant visa processing for individuals from 75 countries, including Pakistan, Bangladesh, Nepal and Russia, as part of increasing crackdown on foreigners likely to rely on public benefits in the US.
“The State Department will pause immigrant visa processing from 75 countries whose migrants take welfare from the American people at unacceptable rates. The freeze will remain active until the US can ensure that new immigrants will not extract wealth from the American people,” the State Department said in a post on X.
“The Trump administration will PAUSE immigrant visa processing from 75 countries until the US can ensure that incoming immigrants will not become a public charge or extract wealth from American taxpayers. AMERICA FIRST,” the White House said in a post on X.
“The freeze will remain active until the US can ensure that new immigrants will not extract wealth from the American people. The pause impacts dozens of countries – including Somalia, Haiti, Iran, and Eritrea – whose immigrants often become public charges on the United States upon arrival. We are working to ensure the generosity of the American people will no longer be abused," the State Department said.
"The Trump Administration will always put America First," the State Department added.
State Department spokesperson Tommy Piggott said in a statement, "The State Department will use its long-standing authority to deem ineligible potential immigrants who would become a public charge on the United States and exploit the generosity of the American people."
A report in the Fox News said that the pause will begin from January 21.
The State Department memo, seen first by Fox News Digital, directs “consular officers to refuse visas under existing law while the department reassesses screening and vetting procedures”.
The list of countries include Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Bhutan, Bosnia, Brazil, Burma, Cambodia, Cameroon, Cape Verde, Colombia, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, Dominica, Egypt, Eritrea, Ethiopia, Fiji, Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Haiti, Iran, Iraq, Jamaica, Jordan, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Macedonia, Moldova, Mongolia, Montenegro, Morocco, Nepal, Nicaragua, Nigeria, Pakistan, Republic of the Congo, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Tanzania, Thailand, Togo, Tunisia, Uganda, Uruguay, Uzbekistan and Yemen.
The Fox News report added that in November 2025, a State Department cable sent to missions around the globe instructed consular officers to “enforce sweeping new screening rules under the so-called "public charge" provision of immigration law.
The guidance had instructed US consular officers across the world to deem those individuals seeking to enter and live in the US ineligible if they have certain medical conditions, including cardiovascular diseases and diabetes, saying these people could end up relying on public benefits.
The foreigners applying for visas to live in the US “might be rejected if they have certain medical conditions”. “You must consider an applicant’s health…Certain medical conditions – including, but not limited to, cardiovascular diseases, respiratory diseases, cancers, diabetes, metabolic diseases, neurological diseases, and mental health conditions – can require hundreds of thousands of dollars’ worth of care,” the cable had said.
The cable also advised visa officers to consider conditions like obesity in making their decisions, noting that the condition can cause asthma, sleep apnea, and high blood pressure.
The guidance directed "visa officers to deem applicants ineligible to enter the US for several new reasons, including age or the likelihood they might rely on public benefits.
The guidance says that such people could become a “public charge” — "a potential drain on US resources — because of their health issues or age”.
The report added that older or overweight applicants could be denied, along with those who had any past use of government cash assistance or institutionalisation.
