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ADB to give Pakistan $7b over three years for development

Bank’s vice president makes first official visit to country

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August 31, 2019


ADB approves $500 million loan for Pakistan

It will support Pakistan’s exports, trade competitiveness

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August 7, 2019


ADB approves $235m loan for Karachi’s BRT

It will help develop innovative energy, climate resilience features

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July 5, 2019


Pakistan to receive $3.4b in budgetary support from ADB

Finance Adviser Hafeez Shaikh met the ADB director-general today

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June 15, 2019


Govt sets ambitious Rs5,550b tax collection target for next year

IMF deal operational in coming weeks, says Hafeez Shaikh

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May 25, 2019


Inflation expected to rise sharply in Pakistan: ADB report

GDP growth expected to slow down to 3.9% this year

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April 4, 2019


Sindh govt to launch Red Line BRT, education and 847km road projects with ADB aid

The project costs will be shared between the ADB and Sindh government

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March 12, 2019


AIIB considering $260m for Karachi BRT, KWSB

Bank believes it can help during macroeconomic uncertainty

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January 31, 2019


Will new Asian infrastructure bank put $1b into Pakistan?

Projects may be in Karachi, Rawalpindi, and Lahore

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January 31, 2019


Karachi’s Green Line BRT will be the world’s first zero emission public transport system

A $583.5m project will use biogas to power the buses

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January 4, 2019


KP govt approves Rs5.6b development budget for tribal districts

This is the first development budget for tribal areas since FATA merger

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December 13, 2018


ADB to provide Punjab $300mn for infrastructure projects

Fund will be used in Sargodha, Muzaffargarh, Rahimyar Khan and Bahawalpur

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November 14, 2018


Cartoon — Sabir Nazar

Cartoonist Sabir Nazar’s take on the options Finance Minister Asad Umer has to fix the economy

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September 14, 2018


ADB signs deals worth $375 mln to improve Punjab irrigation system

ISLAMABAD: Pakistan and Asian Development Bank have signed two loans totaling $375 million to improve irrigation services and promote public-private partnerships (PPP) in Punjab. The loan agreements were signed by Xiaohong Yang, ADB Country Director for Pakistan, and Syed Ghazanfar Abbas Jilani, Secretary of the Economic Affairs Division, at a ceremony on Friday. Iftikhar Ali…

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April 13, 2018


Dollar and oil may get more expensive next month in Pakistan: ADB

Pakistan is likely to see a rise in the price of the dollar and oil next month. This increase in prices will result in more inflation occurring in the country. The Asian Development Bank said this in its Asian Development Outlook (ADO) 2018 report. Its outlook for the GDP for this financial year in Pakistan is expected…

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April 12, 2018


ADB to continue supporting climate smart growth, increase energy access in Pakistan

ISLAMABAD: The Asian Development Bank (ADB) on Tuesday said that it remained committed to working with Government of Pakistan and its development partners, including through China-Pakistan Economic Corridor (CPEC) projects, to promote climate-smart growth and increase energy access. Clarifying media reports published in some Pakistan-based media regarding an evaluation approach paper on the energy sector…

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February 6, 2018


ADB approves $300 million to support Pakistan’s Public Sector Enterprises Reform

ISLAMABAD: The Asian Development Bank (ADB) and Pakistan here on Thursday signed a $300 million loan to support Pakistan’s efforts to implement major structural reforms and efficiency initiatives to improve the performance, transparency, and financial sustainability of the country’s federal government-run public sector enterprises (PSEs). Xiaohong Yang, ADB’s Country Director for Pakistan and Tariq Mahmood…

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June 22, 2017


Pakistan to achieve 7pc growth rate with ADB aide worth 2.5b

ISLAMABAD: Federal Finance Minister Muhammad Ishaq Dar said Pakistan will hopefully get financial allocation of 2.5 billion dollars as infrastructural financing from Asian Development Bank. In an interview with APP, he said it would help country’s economy to post 7 per cent growth rate by 2019. The Minister said ADB has already agreed in principle…

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May 5, 2017


Pakistan to get $ 2.5 billion as infrastructural financing from ADB: Ishaq Dar

YOKOHAMA: Pakistan will hopefully get financial allocation of $ 2.5 billion as infrastructural financing from Asian Development Bank (ADB), which would help country’s economy to post 7 per cent growth rate by 2019. Minister for Finance Senator Muhammad Ishaq Dar in an interview with APP here Thursday said that he had a meeting with the…

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May 4, 2017


Dar arrives in Yokohama to attend ADB’s annual meeting

YOKOHAMA: Finance Minister Senator Muhammad Ishaq Dar arrived here on Wednesday to participate in the 50th Annual Meeting of Board of Governors of the Asian Development Bank (ADB) being held from May 4 to 7. The finance minister, during his six-day visit, will attend the meeting in the capacity of Vice Chair of the ADB…

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May 3, 2017


Budget aims at achieving sustainable, inclusive growth: Dar

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Monday said the budget for the upcoming fiscal year (2017-18) was being formulated to attain the government’s objective of achieving sustainable and inclusive high growth, which would enhance employment opportunities in the country.

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May 2, 2017