The Asian Development Bank approved $381 million in financing for Pakistan. The funds will support major development projects in Punjab. The bank said the projects will upgrade agriculture, education, and health services. The ADB stated that the financing will cover three targeted initiatives. These projects aim to modernise farming systems and improve resource management. They […]
Asian Development Bank
ADB signs $61.8 million deals for urban transport, water sector projects
Pakistan and the Asian Development Bank (ADB) on Friday signed agreements for three major development initiatives to support priority needs in connectivity, urban transport, and the water sector. These included the Project Readiness Financing for Karachi-Rohri Section of Main Line-I, Project Readiness Financing (ML-I PRF) amounting to USD 10 Million, for the Quetta Bus Rapid […]
ADB wants Red Line BRT to be award-winning project
Sindh Senior Minister Sharjeel Inam Memon met a delegation of the Asian Development Bank led by Country Director Emma Fenn. The delegation included Deputy Country Director Asad Aleem, Project Officer Hamid Khan, Khayyam Abbasi and Syed Adnan. Secretary Transport Asad Zamin and CEO Trans Karachi Fawad Ghaffar Soomro were also present. Sharjeel Inam Memon welcomed […]
ADB set to give nod to $75 million uplift projects, says Sindh CM
Sindh Chief Minister Syed Murad Ali Shah in his meeting with the Asian Development Bank (ADB) delegation led by Ms. Emma Fan, Country Director (ADB) Pakistan Resident Mission, review the progress of ADB-funded development projects in the province and discuss future cooperation in major sectors, including transport, infrastructure, urban development, and climate resilience. At the […]
ADB approves $330 million loans for Pakistan’s power sector
The Asian Development Bank (ADB) has approved loans totaling $330 million to Pakistan for the Second Power Transmission Strengthening Project, one of the government’s top priority investments to expand the national transmission network and enable the evacuation of low-cost renewable and hydropower to major load centers. The project will construct a new 500-kilovolt, approximately 290-kilometer […]
ADB: Asia-Pacific needs $1 trillion annually for climate action
The Asian Development Bank (ADB) says Asia-Pacific needs over $1 trillion each year to address climate change and biodiversity loss. Investment in environmental and climate systems can boost jobs, productivity, and financial stability. The ADB revealed this in its Asia-Pacific Climate Report 2025. The report emphasizes that around 75% of the region’s economic output depends […]
ADB invests $250M to combat glacier loss and protect livelihoods
The Asian Development Bank (ADB) has approved $250 million for a new initiative called “Glaciers to Farms”. The project is part of the Green Climate Fund (GCF) and aims to strengthen water and agriculture systems in Central Asia and Pakistan. It will support communities that depend on glaciers for water, energy, and farming. Over the […]
Pakistan’s average inflation to rise to 6% in FY26: ADB
The Asian Development Bank (ADB) said in its latest report on Tuesday that Pakistan’s average inflation is expected to rise to 6 percent during fiscal year 2026, reflecting the impact of flood-related supply chain disruptions and recent increase in gas tariffs on prices. Heavy monsoon rains and excess water released from dams in India triggered […]
Housing minister meets ADB delegation to explore cooperation
A delegation from the Asian Development Bank (ADB) called on Federal Minister for Housing and Works, Mian Riaz Hussain Pirzada, at his office on Thursday to explore avenues for mutual cooperation on land data bank and housing sector initiatives. The meeting focused on exploring avenues of mutual cooperation, particularly the establishment of a Land Data […]
Govt seeks donor help to slash power rates, boost industry
The federal government has asked international donors like the World Bank and Asian Development Bank to support a plan that cuts electricity prices. The proposal focuses on industries and agriculture, where power use has dropped by 20% due to rising costs. Officials say the goal is to restart economic activity and improve energy access for […]