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Posts tagged "asian development bank"

ADB approves $2m grant to help Pakistan fight coronavirus

Country has reported over 1,600 known cases so far

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March 30, 2020


ADB approves $200 million loan for Pakistan

It is meant for the Benazir Income Support Program

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October 7, 2019


Pakistan to get $10b from ADB in next five years

The new partnership aims to support the country’s development goals

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July 8, 2019


ADB hasn’t agreed to provide Pakistan $3.4b budgetary support

Pakistani officials said the package was finalised

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June 17, 2019


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


ADB approves $100m loan to address water shortages in Balochistan

The Asian Development Bank has approved a $100 million loan to address chronic water shortages and increase earnings on farms in Balochistan. The ‘Balochistan Water Resources Development Sector Project’ will focus on improving irrigation infrastructure and water resource management in the Zhob and Mula river basins. “Agriculture accounts for almost two-thirds of Balochistan’s economic output…

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September 3, 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 enhances limit for private sector operations in Pakistan

ISLAMABAD: The Asian Development Bank has increased limit for private sector operations in Pakistan from 700 million dollars to 1.7 billion dollars. ADB’s Executive Director Sami Saeed apprised the Finance Minister Ishaq Dar about it during a meeting in Islamabad. He said the limit has been enhanced due to improved credit ratings of Pakistan and…

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October 18, 2017


ADB approves $800 mln to improve connectivity, trade in Pakistan

ISLAMABAD: Asian Development Bank’s (ADB) Board of Directors has approved a $800 million multitranche financing facility (MFF) to help enhance regional connectivity and trade in the Central Asia Regional Economic Cooperation (CAREC) corridors in Pakistan. The investment programme will expand Pakistan’s regional connectivity links while helping to improve road traffic efficiency, according to a statement…

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September 26, 2017


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


ADB to support Pakistan for sustainable energy sector reforms

ISLAMABAD: Asian Development Bank will provide three hundred million dollars to Pakistan for financing of Sustainable Energy Sector Reforms program. An agreement to this effect was signed by Secretary Economic Affairs Division Tariq Pasha and ADB`s Country Director Xiaohang Yang in Islamabad on Friday. Finance Minister Ishaq Dar also witnessed the signing ceremony. Under the…

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June 16, 2017


Economic reforms led to stability and progress: Dar

YOKOHAMA: Finance Minister, Senator Mohammad Ishaq Dar, who is in Yokohama Japan to attend 50th annual meeting of the Asian Development Bank (ADB), Friday apprised OPEC Fund for International Development (OFID) about economic reforms undertaken by his government and their overall effect on the economic stability and progress.

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May 6, 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


ADB to provide Rs15b to KPK govt for rehabilitation of roads

PESHAWAR: The Asian Development Bank will provide fifteen billion rupees to Khyber Pakhtunkhwa government for rehabilitation of five hundred kilometres long roads in the province.  This was agreed during a meeting between a delegation of the bank and Chief Minister Pervez Khattak in Peshawar. The provincial government will also contribute fifteen percent funds for the…

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December 8, 2016


Ishaq Dar highlights CPEC potential for Central Asian states

ISLAMABAD: The two-day 15th Ministerial Conference of Central Asia Regional Economic Cooperation countries underway in Islamabad. The conference is being organized by the Economic Affairs Division in collaboration with the Asian Development Bank. More than 200 participants from 10 member countries and multilateral development partners are attending the events. The member countries include Afghanistan, Azerbaijan,…

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October 26, 2016


ADB forecasts economic boost in Pakistan in 2016-17

ISLAMABAD: The Asian Development Bank (ADB) has forecast further boost in Pakistan’s economic growth during 2016 and 2017 due to high investment in infrastructure, improved security environment and energy supply. “In Pakistan, further improvements in energy supply, higher infrastructure investments, and an improved security environment will help push up growth in 2016 and 2017,” said…

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July 18, 2016


Pakistan on track to end power shortages within two years: ADB

Pakistan could end energy rationing within two years, the Asia Development Bank (ADB) country director for Pakistan said on Monday, adding weight to government claims that they will end frequent outages in time for the 2018 elections. Analysts say if Prime Minister Nawaz Sharif’s government manages to eradicate “load-shedding”, the electricity rationing system which leads…

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June 21, 2016


Save Water, Save Generations

      Written By: Waqar Mustafa   I don’t remember the first time I turned off the tap while brushing my teeth. But now it seems that is something I’ve always done. I turn it on to wet my toothbrush, and then off it goes while I scrub away, to come back on when…

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November 3, 2015


ADB announces new $1.2 bn annual package for Pakistan

KARACHI: The Asian Development Bank said Tuesday it has approved a new assistance programme for Pakistan worth $1.2 billion annually, to improve infrastructure and create jobs. The Manila-based bank said Pakistan, which has suffered sluggish growth in recent years, was on track to meet targets for cutting poverty. But it said overall development was below…

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August 25, 2015


Economy not out of woods yet

By Imran Maqbool Following recent review of the Pakistan’s economy by the International Monetary Fund and the subsequent release of $505 million under the Standby Arrangement, the federal government boosted about economic performance since it came to power in mid last year. Government functionaries and like-minded economic analysts are bullish on future outlook of the…

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April 1, 2014

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