The Asian Development Bank (ADB) approved a US$ 700 million policy-based loan to support reforms aimed at strengthening insurance in Pakistan. The program seeks to expand insurance coverage and reduce protection gaps and the loan would help stimulate private sector participation and support sustainable economic growth. The Insurance Transformation Program will strengthen Pakistan’s financial resilience […]
Asian Development Bank
ADB approves $700m loan to strengthen Pakistan’s insurance sector
The Asian Development Bank (ADB) has approved a $700 million policy-based loan to support reforms aimed at strengthening Pakistan’s insurance sector and expanding financial protection across the country. In an official statement, the Manila-based lender said the programme, titled the Insurance Transformation Programme, is designed to reduce protection gaps, expand insurance coverage, and encourage greater […]
Pakistan, ADB agree to timely completion of ML-1 documentation, other formalities
Pakistan and the Asian Development Bank (ADB) on Friday agreed to ensure timely completion of documentation and other formalities for the ML-1 Karachi-Rohri section to accelerate implementation of the strategically important railway project. Minister for Economic Affairs Ahad Cheema chaired a high-level meeting to review the implementation framework of the ML-1 Karachi-Rohri section and discuss […]
ADB launches $70bn push to connect Asia’s power grids, digital networks
The Asian Development Bank (ADB) will back $70 billion in new energy and digital infrastructure initiatives by 2035, aiming to connect power grids, expand cross-border electricity trade, and improve broadband access across Asia and the Pacific. “Energy and digital access will define the region’s future,” said ADB President Masato Kanda, according to ADB press release […]
ADB boosts Pakistan engagement to $3.67bn
The Asian Development Bank (ADB) has significantly expanded its financial commitments to Pakistan in 2025, approving $3.672 billion in support – a 22 percent increase compared to $2.995 billion in 2024. The rise reflects the bank’s growing involvement in new sectors, including mineral resource development and education. According to ADB’s Annual Report 2025, the institution […]
ADB boosts Pakistan support with $3.67bn in new commitments
The Asian Development Bank (ADB) has significantly increased its financial engagement with Pakistan, committing $3.672 billion in 2025, marking a 22% rise compared to the previous year. The expanded support reflects growing cooperation in fiscal reforms, infrastructure development, and emerging sectors such as minerals. Read More: ADB unveils Pakistan strategy for 2026-2030 According to the bank’s annual report, […]
ADB forecasts Pakistan growth uptick, flags risks from Mideast war
Pakistan is expected to sustain its economic performance in the medium term as manufacturing recovers and investment increases, but the country faces “significant” risks due to global economic uncertainty, the Asian Development Bank (ADB) said on Friday. Pakistan’s economy recovered as growth strengthened and inflation declined in fiscal year (FY) 2025, which ended on June […]
ADB boosts Pakistan growth despite risks
Asian Development Bank raised Pakistan’s economic growth forecast to 3.5pc for FY2026, citing recovery in manufacturing and investment. The upgrade matters as stabilisation supports jobs, incomes, and investor confidence nationwide. However, risks remain high due to global uncertainty and Middle East tensions affecting prices and trade. The Manila-based lender said growth could reach 4.5pc in […]
ADB unveils Pakistan strategy for 2026-2030
The Asian Development Bank (ADB) on Wednesday launched a new country partnership strategy (CPS) for Pakistan, 2026-2030, setting out a roadmap to support the country’s transition to sustainable and inclusive growth through private sector-led development. The five-year strategy will focus on three pathways: enabling private sector development, advancing inclusion and empowerment, and enhancing resilience and […]
Pakistan Railways begins market engagement for ML-1 Karachi-Rohri upgrade
LAHORE: Pakistan Railways has launched the market engagement process for the proposed upgrade of the Karachi–Rohri section of the Main Line-1 (ML-1) railway project, a key initiative aimed at modernising the country’s rail infrastructure and improving passenger and freight services. Read More: Pakistan Railways announces fare increase from March 9 The ML-1 project was introduced to […]