Published in The Banker Pakistan, April 19th, 2016.
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. “A reliable and sustainable power sector is critical to the economic growth and wellbeing of Pakistan,” said Megan […]
ISLAMABAD: Terming ‘weak’ the regional integration in South Asia under South Asian Free Trade Agreement (Safta), the Asian Development Bank (ADB) has estimated that interregional trade possessed potential of jacking up agriculture exports by $14 billion per annum from existing level of $8 billion to $22 billion. “The fact remains that, unlike other geographic regions […]
ISLAMABAD: The Asian Development Bank (ADB) has indicated that it could give roughly $6 billion in loans to Pakistan over the next three years, which is 50% more than the previous estimates, suggesting growing dependence of the country on foreign lenders. The Manila-based lending agency would provide the assistance under the three-year (2017-19) Country Operations Business […]
ISLAMABAD: The Asian Development Bank (ADB) on Monday said that further improvements in energy supply, higher infrastructure investments, and an improved security environment will help push up Pakistan’s economic growth over the next two years. In supplement to its flagship Asian Development Outlook (ADO 2016) released in March, the ADB updated its growth forecasts for […]