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ADB reaffirms support to stand by BISP in social sector reforms and poverty reduction endeavors

ISLAMABAD: A delegation of Asian Development Bank (ADB) on Monday held a meeting with Benazir Income Support Program (BISP) team, ARY News reported. According to a statement released by BISP, the ADB delegation Ms. Xiaohong Yang, the country director for Pakistan Resident Mission, discussed the output of different projects based on the prescribed performance indicators and ADB’s portfolio review. While briefing on the status of Cash transfer, it was shared that at present ADB supports 847, 349 BISP beneficiaries which…

ADB offers support in formulation of national education policy

ISLAMABAD: Vice President (Operations), Asian Development Bank (ADB) Wencai Zhang has offered the ADB support to the Education Ministry in technical and skill development fields and also in the formulation of national education policy. "Pakistan should take benefit from the expertise of the ADB, which can provide technical support during the formulation and implementation of the national education policy,” he said in a meeting with Federal Minister for Education and Professional Training Shafqat Mahmood in Islamabad.…

Planning minister calls for expanding cooperation between Pakistan, ADB

ISLAMABAD: Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtiar has called for further expanding the scope of cooperation with the Asian Development Bank (ADB) in various sectors of the country, especially in the underdeveloped areas for sustained socio-economic development. "Pakistan values its partnership with the ADB. Pakistan appreciates its contribution and assistance over the decades in various development initiatives in the country," he said while talking to a delegation of the bank…

ABD to provide technical assistance to upgrade Pakistan Railways

ISLAMABAD: An Asian Development Bank (ADB) delegation headed by transport specialist Ko Sakamovo visited Ministry of Railways on Tuesday and showed interest in up gradation of Pakistan Railways. The ABD will provide technical assistance to the railways through the Pakistan Railways Strategic Plan (PRSP). On the other hand, Pakistan Railways requested assistance to replace its old fleet of locomotives in next ten years and procurement of passenger and freight wagons. Pakistan Railways also showed interest in…

CM Sindh seeks ADB assistance for Karachi desalination plant, road infrastructure uplift

KARACHI: Sindh Chief Minister Murad Ali Shah on Thursday urged the Asian Development Bank (ADB) to assist the provincial government in priority areas such water, sanitation, urban transport and improvement of road network The chief minister was holding a meeting with a delegation of ABD led by its Director-General Central West Asian Department (CWRD) Mr. Werner Liepach. The other delegation members include Director Social Sector CWRD Ms. Rie Hiraoka, Country Director Pakistan Xiaohong Yang, Senior Project Officer Mian…

Pakistan, ADB sign $375 mn deals to improve irrigation

ISLAMABAD: The Asian Development Bank (ADB) and the Government of Pakistan have signed two loans amounting to $375 million to improve irrigation services and promote public-private partnerships (PPP) in Punjab. “The investments will build a new kharif season irrigation system and further develop PPPs in the province,” said Xiaohong Yang, ADB Country Director for Pakistan. “The irrigation project will become part of the Indus Basin Irrigation System and increase agriculture production that will directly benefit farming…

CM Sindh seeks ADB support on Red Line RBT project, southern bypass

KARACHI: Sindh Chief Minister Murad Ali Shah on Thursday asked support from the Asian Development Bank on the construction of the southern bypass and Red Line Rapid Bus Transport (RBT) project in Karachi, and the Hyderabad bypass project. The chief minister during a meeting with eight-member delegation led by Country Director Ms. Xiaohong Yang said that ADB is one of the most important partners of Sindh government in infrastructure development, transport, education and health. “We have planned some most important…

ADB to loan $300mn for public sector entreprises reforms

ISLAMABAD: Asian Development Bank (ADB) will provide loan worth US $300 million for Public Sector Enterprises Reform Program (subprogram-2). The loan agreement was signed by Mr. Tariq Mahmood Pasha, Secretary Economic Affairs Division (EAD) and Ms. Xiaohong Yang, Country Director Asian Development Bank. The subprogram-2 of the Public Sector Enterprises Reform Program will help the government to achieve and sustain reform initiatives aimed at enhancing the performance of public sector enterprises by improving the…

ADB to provide Rs42b for Bus Rapid Transit system in Peshawar 

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Pervez Khattak on Monday said Asian Development Bank (ADB) will provide Rs42 billion for construction of Bus Rapid Transit (BRT) system in Peshawar. “The provincial government will bear Rs7.5 expenditure in the project,” he said while presiding over a meeting in Peshawar. He said 400 air-conditioned buses would ply on 28 kilometer long route from Chamkani Interchange to Hayatabad. Read More: ECNEC approves revised cost of Karachi’s Green Line BRTS The chief minister said…

IMF predicts inflation hike in Pakistan next year

ISLAMABAD: A report of International Monetary Fund (IMF) has warned that the prices of commodities will rise in Pakistan from the next year, ARY News reported on Monday. The report said that the inflation in Pakistan would hit 5.2% in 2017 which is nearly twice that of the current year’s 2.9%. The prices of petroleum products, coal and gas will go up with a 27% hike in the coming year, according to the report. As purported by the monetary institution, Pakistan would be witnessing effects of the hike by June 2017. The…