Asian Development Bank

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Pakistan’s economic outlook revised upwards by ADB

Sana MehmoodDecember 11, 2024

MANILLA: Keeping in view ‘greater macroeconomic stability’ that resulted grâce à IMF program, ADB has revised forecast apropos Pakistan’s economic growth for FY2025 slightly upwards by 3% here on Wednesday (11th December, 2024). It may be recalled that Asian Development Outlook had earlier held that due to both internal and external risks Pakistan’s economic growth […]

ADB to provide $ 2B to Pakistan for climate-resilience initiatives

Anum MashkoorSeptember 18, 2024

ISLAMABAD: President ADB Masatsugu Asakawa has announced on Wednesday (18th Sept, 2024) that the Bank will provide $2 billion in annual assistance to Pakistan over the next three years to support the country’s infrastructure development and climate-resilience initiatives. During his meeting with President, Masatsugu Asakawa commended the recent signs of economic recovery and stabilisation in […]

ADB approves $320m for rehabilitation of KP Roads

Sana MehmoodSeptember 13, 2024

ISLAMABAD: In order to support the rehabilitation of KP roads and augment their safety, ADB has approved a loan of $320 here on Friday (13th September, 2024). ADB stated that KP Rural Roads Development Project would upgrade 900 km of rural roads in the province that were in dilapidated condition and hence susceptible to inundation. […]

Pakistan growth forecast is rising: ADB

News DeskApril 12, 2024

ISLAMABAD: Pakistan’s GDP growth forecast is rising and would reach to 1.9 percent during the fiscal year 2023-24, ending on June 2024, says Asia Development Bank (ADB) in its flagship Asian Development Outlook (ADO) released on Thursday (11th April, 2024). “In Pakistan, growth forecast is rising at 1.9% in FY2024 (ending on 30 June 2024) […]

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