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Pakistan, ADB sign $375 mn deals to improve irrigation

5 months, 12 days ago
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…

ADB to loan $300mn for public sector entreprises reforms

1 year, 3 months ago
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…

IMF predicts inflation hike in Pakistan next year

1 year, 11 months ago
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…

IMF chief, ADB president to visit Pakistan next week

1 year, 11 months ago
ISLAMABAD: The Managing Director of International Monetary Fund Christine Laragrde and President Asian Development Bank Takehiko Nakao are expected to visit Pakistan next week. In this regard Finance Minister Senator Ishaq Dar chaired a…

ADB upgraded BISP rating from A to A+: Marvi Memon

2 years ago
ISLAMABAD: Minister of State and Chairperson Benazir Income Support Program (BISP) MNA Marvi Memon on Monday said BISP has successfully achieved Disbursement Linked Indicators (DLIs) under World Bank, DFID and Asian Development Bank (ADB)…

ADB approves $810m for Pakistan’s energy sector overhaul

2 years, 1 month ago
ISLAMABAD: The Asian Development Bank (ADB) has approved an $810 million multi-tranche financing facility to develop Pakistan's power transmission system, to improve the reliability and quality of energy supply, and to meet increasing…

China-backed AIIB approves first loans

2 years, 3 months ago
BEIJING: The China-backed Asian Infrastructure Investment Bank (AIIB) approved its first four loans totalling over half a billion dollars, it announced Friday, as it joined forces with putative rivals to finance projects across Asia.