Asian Development Bank (ADB)

Fund Pledge ISLAMABAD: The visiting staff mission of the International Monetary Fund (IMF) has initiated direct communications with key bilateral partners to confirm committed support to Pakistan, addressing the external …

The economic consequences from Russia’s invasion of Ukraine has grown, while the impact of COVID-19 has decreased across most of developing Asia. The global commodity price index has risen to …

Director-level bank officials spoke during the event, sharing their commitment to supporting Pakistan’s reform programme in the areas of public infrastructure as well as the broader social and financial sectors.

The 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.

The scheme will provide reliable irrigation water supply to 704,000 hectares of land in Bhakkar, Jhang, Khushab, Layyah, and Muzaffargarh districts, making them more agriculturally productive.

Pakistan has paid a whopping $100m in penalties to ADB for its failure in executing various donor-funded projects during last 15 years. Pakistan paid $5 million in 2020 on account …

Pakistan’s economic growth rebounded to 3.9% in fiscal year (FY) 2021 (ending 30 June 2021) and is expected to reach 4.0% in FY2022 as business activity gradually resumes in the …

DIBPL is the wholly owned subsidiary of Dubai Islamic Bank UAE. DIBPL has operated in Pakistan since 2006 with a network of 235 branches located in around 70 cities.

The $15.7 billion borrowings in fiscal year 2021-22 are higher by nearly 10% over this year’s revised estimates.

Month of Budget bring forth economic questions for the government.