ADB Warns Flood Risks Threaten Pakistan’s Economic Growth Islamabad — The Asian Development Bank (ADB) has cautioned that recurring natural disasters, particularly floods, continue to threaten Pakistan’s economic stability despite signs of recovery. In its latest Asian Development Outlook report, the ADB projected Pakistan’s GDP growth to hover around 3% in FY2026, with inflation expected […]
ADB Backs Reko Diq Project with $410 Million Financing Islamabad — The Asian Development Bank (ADB) has approved $410 million in financing for the Reko Diq mining project in Balochistan, marking a major boost for Pakistan’s economy. The package includes two loans totaling $300 million to Barrick Gold, the mine’s operator, along with a $110 […]
ADB Flags Modest Growth for Pakistan Despite Interest Rate Cut ISLAMABAD – The Asian Development Bank (ADB) has noted that Pakistan’s economy continues to face modest growth, even after the State Bank of Pakistan reduced the policy interest rate by 1.5% by the end of June 2025. In its latest economic outlook, the ADB reported […]
ISLAMABAD – A new report by the Asian Development Bank (ADB) has raised concerns about Pakistan’s underperforming digital sector, warning that the country’s lagging digital infrastructure and low adoption rates are hampering economic growth. According to the comprehensive study, Pakistan’s digital sector contributes just 1.5% to the national GDP, revealing immense untapped potential. The ADB […]
The Government of Pakistan and Asian Development Bank (ADB) signed a $300 million loan agreement for the “Improved Resource Mobilisation and Utilization Reform Program (Subprogram-II)”. Statements were made from both sides. Dr. Kazim Niaz, Secretary of the Economic Affairs Division, and Ms. Emma Fan, Country Director, Pakistan Resident Mission, ADB signed the Loan Agreement. The […]
According to the ADB’s official statement, the amount for Pakistan has been approved under the Resources Mobilization Reforms Program. The statement further stated that Pakistan enjoys the majority of support at the Asian Development Bank (ADB). Earlier, it was reported that the World Bank (WB) to invest $40 billion in Pakistan during 2026 to 2035 […]
The total volume of commitments, including programs, projects, and co-financing, reached an unprecedented $8 billion, underscoring ADB’s growing role in driving private sector-led development and innovation across Asia and the Pacific. Long-term cofinancing with private partners reached $3.6 billion in 2024—$3.4 billion from project cofinancing, $0.2 billion from long-term cofinancing from the Microfinance Program, and […]
Federal Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, and ADB Director General Bruno Carrasco spearheaded talks on a detailed strategy to tackle Pakistan’s urgent climate issues. Both parties stressed the importance of immediate action, particularly emphasizing the support for youth-led climate initiatives through incubation programs, mentorship, and funding opportunities. The collaboration seeks […]
According to official data, the cumulative surplus for the first nine months of the ongoing fiscal year has reached $1.8 billion, signaling a promising turnaround in the country’s external account. A major contributing factor to the positive trend is the exceptional inflow of workers’ remittances, which surged to an unprecedented $4 billion in March. In […]
According to the audit report presented before the Public Accounts Committee (PAC) of the National Assembly, the ADB’s aid was granted for flood relief, but it was ‘used’ to assist Turkey and Syria disaster regions. During today’s meeting of PAC, Parliamentary leader Aamir Dogar questioned whether NDMA is authorized to allocate foreign aid to other […]
