Asian Development Bank (ADB) has revised and extended Country Operation Business Plan (COBP) for Pakistan with a proposed sovereign lending program of… Read More
Asian Development Bank to Fund IT Park in Karachi
Asian Development Bank (ADB) has announced to finance IT park in Karachi. Along with setting up the park in Karachi,… Read More
Habib Metropolitan Bank’s Profits Decline by 29% in Q3 2017
Habib Metropolitan Bank posted a net profit of Rs. 1.01 billion in the July-September period of 2017, which is down… 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
ADB Approves $800 Million For Enhancing Road Networks in Pakistan
The Asian Development Bank’s (ADB) Board of Directors has approved a $800 million multi-tranche financing facility (MFF) to help enhance… Read More
All the Loan Govt Has Borrowed from Banks Revealed
The government has borrowed $1.5 billion from commercial banks in June, bringing the total to $4.367 billion under this head… Read More
ADB to Approve Funding for Flood Emergency Reconstruction Project
The Independent Evaluation Department (IED) of Asian Development Bank (ADB) has rated “flood emergency reconstruction project” successful, relevant, effective and… Read More
Pakistan Gets Another $300 Million to Fix Its Power Crisis
Asian Development Bank (ADB) announced a new $300 million loan for Pakistan this Thursday. The loan is meant for the… Read More
Pakistan Infrastructure Bank To Offer $1 Billion in Financing
The federal government is planning to set up a “Pakistan Infrastructure Bank” to finance private investors in development projects. The… Read More
China Adds $8 Billion to Funding for Railway Project ML-1
Pakistan Railways’ Mainline 1 (ML-1) will receive additional funding of $8 billion under CPEC, increasing the project’s the total funding… Read More
Peshawar’s Bus Rapid Transit System Set for Expansion
The Sustainable Bus Rapid Transit Corridor Project was recently given the green signal by the Provincial Development Working Party in Peshawar.… Read More
Pakistan Gets Another $4.5 Billion in Foreign Loans
Pakstan provisionally received $4.565 billion .i.e. 57 percent of budgeted estimates of foreign assistance from multilateral and bilateral donors (July-January)… Read More