ISLAMABAD: Prime Minister Shehbaz Sharif convened a high-level meeting on Wednesday to review the affairs of the National Highway Authority (NHA), focusing on the Central Asia Regional Economic Cooperation (Carec) Tranche-III project, after the Asian Development Bank (ADB) warned that a $360 million loan could lapse next year due to delays. Read More: Senate panel […]
Asian Development Bank
ADB delegation reviews ML-1 upgradation plans
An Asian Development Bank (ADB) delegation visited the Railway Headquarters on Saturday, engaging in detailed discussions with officials regarding the upgradation of the Main Line-1 (ML-1). The delegation, which had last week conducted a thorough inspection of the Karachi-Rohri railway line, briefed CEO Railways Aamir Ali Baloch on their recommendations for the project. Both sides […]
Pakistan, ADB ink two climate resilience initiatives worth over $300 million
The Government of Pakistan and the Asian Development Bank (ADB) on Tuesday signed two major climate resilience initiatives worth 304.5 million for Singh and Punjab Provinces. The Agreement signed for the Sindh Coastal Resilience Sector Project (SCRP) amounting to USD 180.5 Million, and the Punjab Climate Resilient and Low Carbon Agriculture Mechanization Project amounting to […]
Pakistan secures $730m financing from Asian Development Bank
Pakistan has signed two financing agreements worth a combined $730 million with the Asian Development Bank (ADB), aimed at strengthening the country’s power transmission network and accelerating reforms in state-owned enterprises (SOEs), according to the Ministry of Economic Affairs. Read More: Pakistan, ADB sign $730m deals for power infrastructure, SOE transformation A spokesperson for the ministry […]
Pakistan, ADB sign $730m deals for power infrastructure, SOE transformation
Pakistan and the Asian Development Bank (ADB) on Thursday signed financing agreements for two major initiatives involving a combined amount of USD 730 million, aimed at strengthening Pakistan’s power infrastructure and advancing reforms in the public sector. The agreements cover the Second Power Transmission Strengthening Project, with financing of USD 330 million, and the Accelerating […]
ADB inks deal for CPEC ML-1
In major development, Asian Development Bank (ADB) has signed an agreement for Main Line One (ML-1) project, a major railway infrastructure project in Pakistan that is part of China Pakistan Economic Corridor (CPEC). It involves the upgrading and modernization of Pakistan’s existing railway line from Karachi to Peshawar, covering a distance of approximately 1,872 kilometers. […]
Pakistan seeks ADB financing amid power sector reforms
Federal Minister for Power Sardar Awais Ahmed Khan Leghari on Wednesday sought the Asian Development Bank’s (ADB) support in addressing power sector debt repayment challenges, and in building confidence among private investors. The minister expressed these views during a meeting with a high-level ADB delegation led by Ms. Leah Gutierrez, Director General, Central and West […]
ADB okays $540m to advance SOE reforms, coastal resilience
The Asian Development Bank (ADB) has approved two projects totaling $540 million to accelerate state-owned enterprise (SOE) reforms in Pakistan and enhance disaster resilience in the coastal districts of Sindh. The financing comprises a $400 million results-based loan for the Accelerating SOE Transformation Program for Pakistan and a $140 million concessional loan for the Sindh […]
ADB upgrades growth outlook for Pakistan in FY2025-2026
Despite the disruption caused by mid-year floods, Pakistan’s growth outlook for both Fiscal Year 2025 and 2026 has been upgraded by the Asian Development Bank (ADB) as indicated in the latest report of the bank released on Wednesday. The Asian Development Outlook (ADO) December 2025 notes that, despite challenges posed by the June floods, Pakistan’s […]
Memon, ADB delegation discuss financial support for transport projects
Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit, Sharjeel Inam Memon, called on by a high-level delegation of the Asian Development Bank (ADB) at his office in Karachi. The meeting discussed in detail the financial support for transport-related projects and key future initiatives. Secretary Transport Asad Zamin and CEO Trans Karachi […]