ADB approves $381mn financing for Punjab
- 06-Dec-2025
MANILA: The Asian Development Bank (ADB) has approved three projects worth $381 million to advance agriculture, education, and health services in Punjab, Pakistan, according to an official statement. The initiatives aim to bolster economic growth in the province, which accounts for more than half of the country’s population and economic activity. “Investing in education, health, […]
ADB approves $48mn for water resources development in Balochistan
- 26-Nov-2025
MANILA: The Asian Development Bank (ADB) has approved an additional $48 million loan for the Balochistan Water Resources Development Sector Project in Pakistan. According to an ADB statement, the financing will help complete critical project components—including the Churi Infiltration Gallery subproject, development of the Siri Toi Dam command area, and watershed management activities—which had faced […]
ADB warns floods could fuel inflation in Pakistan, growth outlook remains positive
- 30-Sep-2025
ISLAMABAD: The Asian Development Bank (ADB) has cautioned that recent Pakistan floods could trigger inflationary pressures and slow economic growth, despite signs of recovery. In its Asian Development Outlook report, the ADB said natural disasters such as floods pose serious risks to Pakistan’s economic stability and growth trajectory. The report highlighted that GDP growth is […]
ADB approves $410 million financing for Reko Diq
- 22-Aug-2025
ISLAMABAD: The Asian Development Bank (ADB) on Friday approved a $410 million financing package for Pakistan’s Reko Diq project, calling it the largest foreign financing in the country’s history. The financing includes two loans totaling $300 million to Barrick Gold, which operates the mine, along with a $110 million guarantee for the Government of Pakistan. […]
ADB revises Pakistan’s economic growth to 2.7 per cent in FY25
- 23-Jul-2025
ISLAMABAD – July 23, 2025: The Asian Development Bank (ADB) has released its Outlook 2025 report, indicating that Pakistan’s economy showed a slight improvement in fiscal year 2025, with a GDP growth rate recorded at 2.7 per cent. According to the report, the State Bank of Pakistan reduced the policy interest rate by 1.5 per […]
Pakistan, ADB sign landmark $ 300 million loan agreement
- 04-Jun-2025
ISLAMABAD: Pakistan and Asian Development Bank (ADB) on Wednesday signed a landmark USD$ 300 million “Improved Resource Mobilization And Utilization Reform Program (Subprogram II)” loan agreement. The Government of Pakistan and Asian Development Bank (ADB) signed a $300 million loan agreement for the “Improved Resource Mobilisation and Utilization Reform Program (Subprogram-II)”. Statements were made from […]
ADB breaks new ground with surging private sector operations
- 27-May-2025
ISLAMABAD: The Asian Development Bank (ADB) committed a record 58 private sector transactions in 2024—up 45% from the previous year, with $2.6 billion of financing, according to its 2024 Private Sector Operations Report on Development Effectiveness. The total volume of commitments, including programs, projects, and co-financing reached an unprecedented $8 billion, underscoring ADB’s growing role […]
Pakistan’s economy to grow 2.5% in FY2025, says ADB
- 09-Apr-2025
ISLAMABAD: Pakistan’s economy is showing signs of stability and recovery with growth in FY2025 (ending 30 June 2026), as the effects of tight macroeconomic policies and progress in economic reforms took hold. According to the Asian Development Outlook (ADO) April 2025, the Asian Development Bank’s (ADB) annual flagship economic publication, Pakistan’s real gross domestic product […]
ADB highlights millions in Pakistan still without bank accounts
- 25-Mar-2025
The Asian Development Bank (ADB) has released a report on financial services in Pakistan, highlighting that millions of people in the country still lack access to banking facilities. According to the report, over 1 billion people in developing countries, including Pakistan, remain unbanked. In Pakistan, only 21% of adults have a bank or mobile money […]
Pakistan signs $200mn loan agreement with ADB
- 31-Dec-2024
The Economic Affairs Division of Pakistan has signed a loan agreement with the Asian Development Bank (ADB) for a financial assistance package of US$200 million. According to a spokesperson for the Economic Affairs Division, the funds will be utilised for the energy sector, aimed at improving infrastructure and services. The agreement will benefit several entities, […]