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All Stories: Asian Development Bank

Murad says completion of road schemes will give new look to Sindh

KARACHI: Sindh Chief Minister Murad Ali Shah on Thursday said that after the completion of 503 road schemes launched under Annual Development Programme 2017-18...

Pakistan’s trade deficit widens to historic high

ISLAMABAD: The trade deficit of the country has widened to a historic level in first nine months of the current fiscal year (FY2016-17) by...

Pakistan failed to utilise $4.6 bln ADB funds: sources

ISLAMABAD: Pakistan has failed to utilise $4.6 billion funds that were granted by Asian Development Bank (ADB) for various projects in the country. However, the...

Asian Development Bank agrees to finance Red Line BRT project in Karachi

KARACHI: Asian Development Bank (ADB) on Monday agreed to support and finance Red Line, a route of Bus Rapid Transit (BRT) system project, starting...

Asia must spend $26 tn on infrastructure by 2030: ADB

HONG KONG: Asian nations must spend $26 trillion by 2030 on infrastructure to battle poverty, boost economic growth and fight climate change, the Asian...

ADB says Pakistan’s economic progress ‘praiseworthy’

ISLAMABAD: Asian Development Bank (ADB) has stated that Pakistan's economic development is praiseworthy, ARY News reported. ADB’s Country Director Dr. Werner Leipach said that Pakistan...

ADB to provide $250 million for regional border management project

ISLAMABAD: The Asian Development Bank (ADB) will provide the Government of Pakistan a loan of US$ 250 million for the Central Asia Regional Economic...

IMF chief to visit Pakistan in October

ISLAMABAD: International Monetary Fund (IMF) chief Christine Lagarde will visit Pakistan in October, ARY News reported on Tuesday.

Pakistan, ADB sign agreement to improve Sindh roads

ISLAMABAD: Pakistan and Asian Development Bank (ADB) have signed a loan agreement of nearly US$ 200 million for Sindh Provincial Roads Improvement Projects (SPRIP).

ADB approves $1.4 bn for Pakistan energy sector

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.

ADB to finance $6bn in Pakistan infrastructure projects

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.

Pakistan's economy is showing signs of recovery: ADB

ISLAMABAD: Pakistan's economy is showing signs of recovery underpinned by falling global oil prices and the expected uptick in regional economic growth, the Asian Development Bank (ADB) says in a major new report released on Tuesday.

UK to join China-backed Asian development bank

LONDON: Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank (AIIB), making it the first Western nation to embrace the China-backed institution, but the United States reacted frostily to the development.

ADP lauds Pakistan economy growth

According to Asian Development Bank Reform initiated by the government helped improve economic conditions during the year, ARY News reported.

Questions over China-backed infrastructure bank: ADB

BEIJING: Several questions remain to be answered about an Asian infrastructure lender proposed by Beijing, the Japanese head of the existing Asian Development Bank said Thursday.

ADB President to arrive Pakistan on three-day visit

ISLAMABAD: President of Asian Development Bank (ADB) Takehiko Nakao will come to Pakistan on Monday on a 3-day visit and will hold meetings with Finance Minister Ishaq Dar, President Mamnoon Hussain and Prime Minister Nawaz Sharif, ARY News reported.

ADB call Pakistan’s growth above expectations

MANILA: The Asian Development Bank (ADB) in its report called Pakistan’s growth for the fiscal year that ended in June better than expectations.
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