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…
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 meeting on Thursday to review arrangements for their visits and other international events planned for the next week. Pakistan will also host the 15th Ministerial conference of Central Asian Regional Economic Cooperation (CAREC) in Islamabad from 25-26th October. Officials of the Ministry…
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) projects which are development partners of BISP.
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 demand for electricity.
ISLAMABAD: The Asian Development Bank (ADB) will provide US $ 100 million for the construction of Motorway M-4.
ISLAMABAD: The Asian Development Bank said Friday it has approved combined loan assistance to Pakistan of nearly $1.4 billion for programmes targeting its power sector, a crucial boost as Islamabad struggles to resolve a years-long energy crisis.
ISLAMABAD: Asian Development Bank (ADB) has expressed willingness to finance projects in Pakistan relating to upgradation and strengthening of power transmission lines and distribution system.
KARACHI: The Asian Development Bank (ADB) on Tuesday approved a $6 billion loan to help build up Pakistan's dilapidated power network and other key infrastructure, Islamabad said.