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All Stories: ADB

ADB predicts 1.9% growth rate in FY2024

ISLAMABAD: Pakistan’s GDP growth forecast is rising and would reach to 1.9 percent during the fiscal year 2023-24, ending on June 2024, says Asia...

Pakistan, ADB agree to strengthen partnership for economic growth

ISLAMABAD: Country Director of the Asian Development Bank (ADB) Young Ye called on Minister for Finance & Revenue Muhammad Aurangzeb today to discuss ongoing...

180 more electric buses to be inducted on Sindh BRT routes

The Asian Development Bank (ADB) has assured the Sindh government of funding for more electric buses for Bus Rapid Transport (BRT) feeder routes, ARY...

ADB approves $659mn financing to Pakistan

ISLAMABAD: The Asian Development Bank (ADB) has approved $659 million of financing to carry out development projects like rehabilitating schools damaged by the devastating...

ADB approves $180m loan to help Pakistan improve waste management

The Asian Development Bank (ADB) has approved a $180 million loan to improve water supply and solid waste management services in two rapidly growing...

Finance minister reviews projects funded by ADB, WB

ISLAMABAD: The Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar, on Tuesday reviewed the Federal Portfolio of projects funded by the...

ADB okays $250mn loan for Pakistan

The Asian Development Bank (ADB) has okayed $250 million in loans to improve and expand the power transmission network in Pakistan.

Pakistan’s GDP to rebound to 1.9pc in FY24: ADB report

Asian Development Bank (ADB) on Wednesday issued an economic outlook report in Asia, predicting that Pakistan’s gross domestic product (GDP) growth is projected to...

Ishaq Dar apprises ADB on country’s current economic outlook

ISLAMABAD: Finance Minister Ishaq Dar on Wednesday apprised the Asian Development Bank (ADB) delegation of the current economic outlook of the country, besides briefing...

Developing Asia on track to grow faster in 2023 – ADB

MANILA: Developing Asia is on track to grow faster in 2023 from a year earlier as strong consumption and investment offset the impact of...

Flood damages: ADB to help Pakistan build climate–resilient infrastructure

INCHEON, South Korea: The Asian Development Bank (ADB) has demonstrated a strong commitment to coming up with a comprehensive approach to help build the...

ADB advises Pakistan to provide targeted subsidies, enhance tax-to-GDP ratio

The Asian Development Bank (ADB) has suggested Pakistan to provide targeted subsidies to mitigate inflationary pressure on people and enhance tax to GDP ratio...

ADB announces funding plan to combat climate change

ISLAMABAD: The Asian Development Bank (ADB) has announced a new program for Climate Change Financing, which aims to provide new loans of up to...

Pakistan’s economic growth to remain lower in FY23, says ADB report

The Asian Development Bank (ADB) has estimated Pakistan's economic growth up to 2pc in the current ongoing FY2022-23, in the wake of last year’s...

Pakistan signs $772mn flood loan deal with ADB

ISLAMABAD: Pakistan has signed a $772 million loan agreement for flood relief with the Asian Development Bank (ADB), taking the total loan for the...

Pakistan second most expensive country in South Asia: report

The Asian Development Bank (ADB) has declared Pakistan as the second most expensive country in the South Asian region. In the supplement report titled ‘Asian...

ADB okays $554m loan for Pakistan to support flood-relief efforts

The Asian Development Bank (ADB) approved $554 million in financing to help Pakistan provide social protection, promote food security, and support employment for its...

Punjab cabinet slams Centre for not signing Thal Canal agreement

The Punjab cabinet recorded a protest against the federal government for not signing the Greater Thal Canal (GTC) agreement with the Asian Development Bank...

AIIB approves $500m as co-financing of ADP program for Pakistan

Asian Infrastructure Investment Bank (AIIB) on Wednesday approved 500 million dollars as co-financing of an Asian Development Bank (ADB) program for Pakistan, ARY News...

ADB transfers $1.5 billion loan to Pakistan: SBP sources

KARACHI: Asian Development Bank (ADB) on Wednesday transferred $1.5 billion loan to Pakistan, quoting central bank sources ARY News reported. ADB on Monday signed an...
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