ADB

Xiaoqin Fan will lead ADB’s operations in Pakistan, focusing on economic growth and resilience.

Greater water supply scheme to mitigate ‘climate change impacts’

Asakawa highlights importance of green globalization for greener economies

Aim to combat climate change, poverty, gender gaps in member countries

WB, ADB, and IFC affirm support, highlight international confidence in economic agenda

Loan will be received in two instalments, with interest rates ranging from 2% to hefty 6.5%

Pakistan received $2.408b from multilateral creditors, 794.6m from bilateral creditors during seven month period

International bidding for Rs35b DREAMS project kicks off

Disbursements to Pakistan will hit $1.9b after this amount

SBP’s reserves grow after arrival of funding from multilateral lenders

Currency appreciates for 9th straight day to Rs282.53/$

KSE-100 index dips 385.02 points, settles at 62,448.01

Open choked financing pipelines, revitalise financial landscape

Says move will reduce public sector dominance, attract foreign investment, elevate insurance penetration

Comprises of $100m for reforms, $50m to enable lending, $5.5m to finance related activities

Marks unprecedented surge as KSE-100 rises 4,532 points, or 7.3% WoW

Officials say ADB providing financial assistance for crucial schemes

KSE-100 index surges 800.35 points, settles at 64,718.08

Funds allocated for resource mobilization, school rehabilitation, and agricultural productivity enhancement

The project expected to benefit as many as 1.5 million people

Planning ministry says project being implemented in 4RF framework

ADB predicts moderate growth, high inflation in fiscal year 2024, cautions against political instability

ADB says CAREC region needs $340b in power investments by next seven years

Ayaz Sadiq says concessionary ADB loan was signed at the rate of 1% for a period of 40 years

Project to finance establishment of 19 TVET centres of excellence in eight priority sectors

Requests for Rs1.3tr funding to reconstruct damaged houses

Asian Development Bank’s country director apprises Ishaq Dar about ongoing and future projects in various sectors

ADB already provided a $3m grant for immediate purchase of relief goods, says Asian bank's senior official

Report says Pakistan needs enhanced financing for natural disasters

Study notes most of regional ones use accounting systems that don’t follow globally recognised standards

ADB country director says Pakistan made 'robust economic, fiscal and structural reforms' despite Covid

This programme incentivizes parents to send their children to schools, particularly girls, says SAPM Sania

The transport project of K-P's capital city is named in the 2022 Sustainable Transport Award

Grant will fund pre-feasibility study for early retirement fossil fuel plants

Country director says $314 million has already been disbursed from the Vaccine Support programme

Yong Ye will lead ADB’s operations, manage Resident Mission in Islamabad

Renewed outbreak of Covid-19 slows recovery in some economies of the region

Money will finance construction of 300MW hydropower plant in Balakot

ADB estimates $1.7tr a year is needed to bridge infrastructure gap in Asia

Initiative will support Pakistan’s efforts to deal with economic, social challenges

In the previous ADO Updated Outlook report of September, ADB had said Pakistan’s economy may grow at a pace of 2%

Fresh $300m assistance takes total policy lending to $900m in past five months

PPPA, ADB sign MoU for construction of a 500-bed hospital

Raises Rs1.83b in issue of Karakoram bonds

Prices of sensitive food items - flour and sugar - have doubled over last two years

Grant will help provide life-saving medical supplies, diagnostic and laboratory facilities among other equipment

Shaikh appreciated the strong support extended by ADB for fight against Covid-19

Project will be funded through gas infrastructure development cess

Loan will help develop capital market, encourage private sector investment

ADB projections also throw cold water on govt’s claim that Pakistan’s economy is recovering at the fastest pace