Pakistan: Govt seeks $1b ADB climate loan
CDWP defers $40m World Bank project over exorbitant rates for furniture, laptops The government has decided to take a $1 billion budget support loan for making policies to deal with…
Pakistan inks climate resilience initiatives with Asian Development Bank
Pakistan and the Asian Development Bank (ADB) on Tuesday signed two major climate resilience initiatives—one focused on Sindh and the other on Punjab—according to a statement issued by the Economic…
Asian Development Bank plans to inject $10bn in building a digitally connected, resilient region
The Asian Development Bank (ADB) has announced plans to invest over $10 billion by 2030 to support projects under the Central Asia Regional Economic Cooperation (CAREC) programme, aiming to build…
ADB president hails Pakistan’s economic reforms
As the government plans to launch the inaugural Panda Bond by the end of current calendar year, the Asian Development Bank (ADB) on Wednesday pledged its readiness to assist in…
ADB approves $800m for fiscal sustainability
The Asian Development Bank (ADB) announced on Friday that it has approved a substantial $800 million loan and guarantee programme for Pakistan, aimed at strengthening the country’s fiscal sustainability and…
China rolls over $2bn loan to Pakistan
China has rolled over a $2 billion loan to Pakistan, Adviser to the Finance Minister Khurram Schehzad told Reuters in a text message on Saturday. The government is working to…