ADB

ADB says growth will recover with subsiding Covid-19 impact, reforms

Aims to help sustain national food security, control pests

Sindh CM thanks PM Imran for visit; suggests compensation for families; seeks Rs43b for irrigation system

It took loans of only Rs205b in July due to surge in foreign financing

Rupee-linked bond issue will be equivalent to $200m with minimum 2-year maturity

Anticipates 27% decline in inflows due to global lockdowns, loss of jobs, drop in income

Manila-based lender seeks clarification on administrative change

Asad Umar says existence of ERP is a prerequisite

Will share a concept paper containing proposal regarding lending to micro-financing schemes

Money acquired to build foreign currency reserves and repay loans

Benchmark index slips 17.96 points to settle at 34,034.65

Squabbling among the ministries affects utilisation of funds

The pact will help deliver 26.6 kilometres corridor to improve public transport in the port city

WB, ADB and AIIB will grant aid to strengthen health system and mitigate socioeconomic impacts in the country

Bank revises down inflation estimates to 8% in 2020-21

Money would help deliver social protection programmes to poor, expand health sector capabilities and create jobs

Fresh borrowing to be made for activities like garbage collection, pension, fiscal reforms

Aid aimed at procuring health equipment, disbursing cash assistance among needy women

Financing aimed at enhancing water availability in Punjab

Amount includes $23b principal loans, another $4.6b on account of interest payments

Key to survival is not just relief package but also willingness for a paradigm shift

Government adds nearly Rs6tr in one year and situation is likely to worsen

The only way to address that is to invest in the healthcare sector

Country director says ADB recognises the extraordinary burden of this pandemic on Pakistan

Payments to creditors in last quarter are likely to further stretch official foreign currency reserves

However, cumbersome procedures for public procurements need to be waived

Consumers will be able to view their electric load, voltage and bill any time

Shamshad Akhtar says women need to be given access to money, bank accounts and credit

In worst case scenario, country may face up to $5 billion loss

The economy is tottering because of technological backwardness, poor human resources and declining competitiveness

Norweigan govt will provide $5 million to NDRMF from unused resources of Pakistan Earthquake Fund

Islamabad also joins hands with Beijing, must ensure transfer of technology

Lender wants to raise money for projects from domestic market

Later, it is feared to return to depreciation phase in Q4

ADB considering loan for setting up modern wholesale market

Released $300m this week for reforms including cut in circular debt

Manila-based agency says signs of economic stabilisation are emerging

Hammad Azhar says it will provide fiscal space for implementing its reforms agenda

Political stability, trade with neighbours prerequisites for sustainable economic growth, says Dr Hafeez Sheikh

It took ADB more than two years to approve the small-scale project

SBP governor acknowledges progress has been made on FATF’s action plan

Hafeez Shaikh meets heads of global financial institutions to discuss overall state of economy

Pakistan's average lending from ADB increases from $1.4 billion per year to $2.4 billion a year

Bank insists investment in vocational education must be backed by institutional improvement

Imran's govt wants to take loan to build Pakistan's foreign exchange reserves

Region expected to grow slower than previously predicted

Says growth rate to plunge to 2.8% this fiscal year; inflation to rise to 12%, highest S Asia

Borrowings include $1b for budgetary support, $300m for energy sector reforms

Aims to help expand women’s access to finance, empower them economically

Restores policy-based lending after keeping it blocked for over two years