News

ADB approves $2 million grant for Pakistan’s fight against COVID-19

The grant, financed from the Asia Pacific Disaster Response Fund, will help fund the immediate purchase of emergency medical supplies, personal protective equipment, diagnostic and laboratory supplies, and other equipment.

Political instability, disasters hinder agri output: ADB

The ADB in its latest report “Agriculture Development in the Central Asia Regional Economic Cooperation Program Member Countries Review of Trends, Challenges, and Opportunities" maintained that Pakistan has suffered from episodes of political instability and natural disasters that hindered agriculture production in certain regions.

ADB approves $300 million to reform Pakistan’s energy sector

The Asian Development Bank (ADB) approved a $300 million policy-based loan that will help the Government of Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in Pakistan’s energy sector.

$500 million loan to Pakistan to boost trade, address deficit, and support economic reforms

The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support the Government of Pakistan’s reforms to improve trade competitiveness and exports as a defense against external shocks and to help finance the country’s trade deficit.

‘Regional cooperation to be a key theme in ADB’s new country partnership strategy for Pakistan’

A conversation with Safdar Parvez, director, Regional Cooperation and Operations Coordination Division, Central and West Asia Department, Asian Development Bank revolved around the CAREC Program and other regional trade, infrastructure and transport related issues.

ADB, Pakistan discuss new partnership strategy to drive economic growth

Asian Development Bank (ADB) and the Government of Pakistan held a series of country consultations to formulate a new Country Partnership Strategy, which will guide ADB’s engagement in the country from 2020 to 2024.

ADB-supported bus rapid transit system to improve transport in Karachi

The Asian Development Bank (ADB) has approved a $235 million loan to help develop a bus rapid transit system with innovative energy and climate resilience features that will enhance access to quality public transport for people in Karachi, Pakistan’s largest and most populated city.

Improved irrigation, better crops for Khyber Pakhtunkhwa farmers

The World Bank approved $171 million to support agricultural productivity in Khyber Pakhtunkhwa, by improving irrigation, strengthening small farmers’ skills, and supporting farmers to add value to their products.

Pakistan proposes CAREC single-visa to exploit tourism potential

Pakistan sought introduction of a single tourist visa for all member states of the CAREC Program as well as a unified marketing strategy for efficient and cost-effective development and promotion of interlinked tourist attractions and facilities in the bloc.

ADB provides $75 million to upgrade Mardan–Swabi road in Khyber Pakhtunkhwa

The Asian Development Bank (ADB) and the Government of Pakistan signed a loan agreement for $75 million to widen and upgrade 42 kilometers of the busy Mardan–Swabi road in the Khyber Pakhtunkhwa province in Pakistan.