ADB approve of $250 Million loan for KP, Punjab to Power and dispatch transmission line
The Asian Development Bank has approved $250 million in loans to help deliver reliable electricity in Pakistan by expanding and improving the power transmission network in the country’s Punjab and Khyber Pakhtunkhwa provinces.
Mehfooz
GCF approves $120 Million to support ADB’s Community Resilience Partnership
The Green Climate Fund has approved $120 million in climate adaptation financing to support the Asian Development Bank’s Community Resilience Partnership Program (CRPP), which aims to strengthen climate resilience in poor and vulnerable communities by scaling up climate adaptation investments at the local level.
Adil Aziz
Political stability can to boost business confidence in Pakistan: ADB report
The Asian Development Bank said in its recent report that political stability after upcoming elections in Pakistan could boost business confidence and pave way for new standby arrangement with International Monetary Fund (IMF). “Political stability following general elections later this year, if achieved, will boost business confidence, as will a new standby arrangement agreed with…
ADB Capital Management Reforms unlock $100 Billion in new funding
The Asian Development Bank approved capital management reforms that unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. The expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis….
ADB maintains growth forecast for Asia and the Pacific at 4.8%
The Asian Development Bank (ADB) is maintaining its growth outlook for developing economies in Asia and the Pacific at 4.8 percent this year, as robust domestic demand continues to support the region’s recovery. Inflation is expected to continue falling, approaching pre-pandemic levels as fuel and food prices decline, According to the Asian Development Outlook (ADO)…
Govt to bring about Green Revolution to achieve self-sufficiency in agriculture: PM
Prime Minister Shehbaz Sharif said the government was launching a Green Revolution 2.0 to make the country achieve self-sufficiency in the agriculture field. The prime minister, who chaired the meeting of the National Economic Council here, said the government was taking all-out measures to innovate the agriculture sector to enhance the production and par acre…
Flood damages: ADB to help Pakistan build climate–resilient infrastructure
The Asian Development Bank (ADB) has demonstrated a strong commitment to coming up with a comprehensive approach to help build the much-needed climate-resilient infrastructure for Pakistan which faced over $30 billion in losses after the devastating floods caused by heavy rains last year and fearing the same situation in the coming months. It will be…
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; bring about necessary structural reforms and enhance tax to GDP ratio to come out of existing uncertain economic situations and steer the economy towards a sustainable growth trajectory. In a joint interview with APP after the ADB’s…
Climate change likely to have severe impacts in CARE region, including Pakistan: ADB
Asian Development Bank’s Director General for Central and West Asia, Yevgeniy Zhukov said that climate change was expected to have severe impacts in the CAREC region which includes Central Asia, Mongolia, Pakistan, China, and the South Caucasus. Addressing a press conference while launching a study here at the sidelines of 56th ADB annual meeting, he…
ADB’s private sector operations boost support for climate action, food security
The Asian Development Bank’s (ADB) private sector operations in 2022 saw project commitments reach $1.1 billion with the percentage of projects receiving climate finance double the level of 2021, according to ADB’s Private Sector Operations in 2022 – Report on Development Effectiveness. The report, prepared by ADB’s Private Sector Operations Department (PSOD), cites a number…