ISLAMABAD: The Asian Development Bank (ADB) today lowered its economic growth forecasts for developing Asia and the Pacific amid a worsened global outlook. The region’s economy will grow 4.2% this …
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EconomyLatest Updates
ADB approves $100 million loan for skills development in Pakistan
by Hamza Irshadby Hamza IrshadISLAMABAD: The Asian Development Bank today gave approval of $100 million loan for Pakistan to promote technical and vocational education and training. The amount of loan will enhance the quality …
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EconomyLatest Updates
ADB Approves $554M Flood Assistance Package for Pakistan
by Hamza Irshadby Hamza IrshadManila: The Asian Development Bank approved $554 million financing package, including new and reallocated funds to support recovery and reconstruction efforts in Pakistan following this year’s devastating floods and to …
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EconomyLatest Updates
ADB disburses $1.5 billion to Pakistan through SBP account, says Dar
by Umar Sohailby Umar SohailISLAMABAD: Finance Minister Ishaq Dar said Asian Development Bank (ADB) has disbursed $1.5 billion to Pakistan and transferred the money into the central bank’s account today. With this disbursement, the …
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EconomyLatest Updates
ADB’s $1.5 billion BRACE programme will mitigate exogenous shocks of Pakistan
by Umar Sohailby Umar SohailISLAMABAD: The Asian Development Bank (ADB) officials today said that bank’s $1.5 billion Building Resilience with Active Countercyclical Expenditures (BRACE) programme will provide quick liquidity to Pakistan which will mitigate …
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EconomyLatest Updates
Asian Development Bank announces $2.5 billion for flood relief in Pakistan
by Umar Sohailby Umar SohailFinance Division said that the ADB made this announcement during a meeting between Finance Minister Ishaq Dar and ADB Country Director for Pakistan Yong Ye.
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EconomyLatest Updates
ADB preparing big relief and rehabilitation programme for Pakistan
by Umar Sohailby Umar SohailISLAMABAD: The Asian Development Bank today announced that it was preparing “quickly” to provide a significant relief and rehabilitation package following catastrophic floods in Pakistan. In a statement issued on …
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EconomyInternationalLatest UpdatesNationalPolitics
ADB: Pakistan’s Growth Rate to Stop At 4% in FY22
by Hamza Irshadby Hamza IrshadThe ADB 2022 predicts that Pakistan’s GDP growth would drop to 4% in FY2022 as the government works to minimise the current account deficit, increase international reserves, and control inflation.
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EconomyLatest UpdatesNational
ADB announces $603 million for ehsaas programme to reduce poverty in pakistan
The program supports the Ehsaas goal of expanding cash transfers to improve access to primary and secondary education up to grade 10 for children and adolescents of poor families, especially girls, and …
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EconomyLatest UpdatesNational
ADB announces $603 million for ehsaas programme to reduce poverty in pakistan
The program supports the Ehsaas goal of expanding cash transfers to improve access to primary and secondary education up to grade 10 for children and adolescents of poor families, especially girls, and …