The Asian Development Bank (ADB) has cautioned Pakistan that merely expanding the tax net is not enough to improve revenues unless backed by an effective strategy focused on compliance and enforcement. In a policy guide released Tuesday, the ADB highlighted the shortcomings of Pakistan’s current tax reforms and urged a balanced, evidence-based approach. The report […]
Asian Development Bank (ADB)
ADB grants $500m to empower women economically in Pakistan
The Asian Development Bank (ADB) has launched a $500 million financing programme with Pakistan to boost women’s financial inclusion. This move is part of the global Women Entrepreneurs Finance Code (WE Finance Code), led by the World Bank. The State Bank of Pakistan (SBP) officially joined the initiative on Monday, aiming to bridge the gender […]
Pakistan signs $1 billion deal with ADB to boost financial reforms
Pakistan and the Asian Development Bank (ADB) have signed a $1 billion financing agreement. The deal includes both Islamic and traditional financing methods. It will support Pakistan’s economic reforms over the next five years. Officials say this agreement reflects growing international trust in Pakistan’s financial direction. The government hopes it will help strengthen its global […]
Pakistan secures $800 million ADB support for fiscal reform
In a major financial boost, the Asian Development Bank (ADB) has approved an $800 million package to support Pakistan’s economic reform efforts. The “Improved Resource Mobilization and Utilization Reform Program (Subprogram 2)” aims to improve fiscal sustainability, strengthen public financial management, and drive long-term economic resilience. The package includes a $300 million policy-based loan and […]
ADB backs Pakistan’s push into global carbon finance
Pakistan and the Asian Development Bank (ADB) have taken a key step toward building a joint strategy focused on carbon markets and climate innovation. The decision was made during a high-level meeting between Federal Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, and ADB’s Senior Director for Climate Change and Sustainable Development, Toru […]
Pakistan urges ADB to step up as India flaunts digital success at global summit
At the 58th Annual Meeting of the Asian Development Bank (ADB) in Milan, Pakistan and India outlined sharply different development visions. While India highlighted its digital transformation under the “Vikasit Bharat” plan, Pakistan urged stronger ADB support to sustain its fragile economic recovery. Pakistan’s Economic Affairs Secretary Dr. Kazim Niaz represented the country in the […]
ADB forecasts 2.5% growth for Pakistan’s economy in FY2025
Pakistan’s economy is expected to grow by 2.5% in fiscal year 2025, according to the Asian Development Bank (ADB). This growth is similar to the previous year, reflecting the impact of macroeconomic policies and reforms. The ADB’s April 2025 report states that Pakistan’s growth rate is projected to rise to 3.0% in fiscal year 2026. […]