In a setback, ADB has refused to finance projects being executed in Pakistan under the banner of CPEC. The Asian… Read More
Construction of Mohmand Dam to Start in June Next Year
Chairman, Water and Power Development Authority (Wapda), Lt General (retd) Muzammil Hussain has said that Baza Dam was to be… Read More
Swiss Embassy and ADB Pledge to Support Pakistan’s Disaster Risk Management Fund
The Embassy of Switzerland in Pakistan and the Asian Development Bank (ADB) signed an agreement today to support the National… Read More
95% of E-Commerce Transactions in Pakistan Are Cash-on-Delivery: Report
The unavailability of e-payment options means a large proportion of e-commerce transactions remain cash on delivery (COD) — over 95%… Read More
KPK to Produce Over 5000 MW in 10 Years with Help of ADB
ADB will assist Pakistan in producing over 5,000 Megawatts of clean energy by 2026.… Read More
Foreign Reserves Depleting Rapidly Despite Receiving 94% of Budgeted Loans in 8 Months
Pakistan provisionally received $7.608 billion i.e. 94 percent of budgeted estimates of foreign assistance from multilateral and bilateral donors in… Read More
ADB & Govt Sign a Deal to Improve Roads in KP
The Asian Development Bank (ADB) and the government of Pakistan, on Wednesday, signed a $140 million loan to improve the… Read More
ADB to Evaluate the $7 Billion Spent on Pakistan’s Ailing Energy Sector
Asian Development Bank is making strategy to reevaluate its funding plans for Pakistan’s energy and power sectors.… Read More
ADB Appreciates Pakistan’s Improved Credit Rating
Asian Development Bank (ADB) on Tuesday offered Pakistan its technical assistance to turn around loss-making public sector’s entities. Pakistan’s credit… Read More
ADB to Offer $2 Billion Per Year to Pakistan Under CAREC 2030 Strategy
Asian Development Bank (ADB)’s new pipeline for 2018 to 2020 includes about $2 billion per year in assistance for Pakistan,… Read More
Pakistan Received $2.45 Billion in Loans & Grants During the Past 4 Months
Pakistan received a total of $2.452 billion in external aid during July-October 2017-18, revealed Economic Affairs Division (EAD). The government… Read More
Pakistan’s Financial Outlook Isn’t As Positive the Govt Says: ADB
Growth has improved, but the government of Pakistan needs to address fiscal and external sector vulnerabilities that have reappeared with… Read More