Tag: ADB
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ADB report shows Funding received by Pakistan in 2022
According to the Asian Development Bank (ADB)’s annual report, the bank financed projects over thirty billion in Asia. According to Baaghi TV reports, on the one hand, in 2022, the ADB financed projects worth 31.8 billion in Asia, on the other hand, the Russo-Ukraine war remained a leading cause of inflation at the global level,…
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ADB approves $300 million loan for Pak’s capital markets
MANILA/PHILIPPINES: The Asian Development (ADB) on Tuesday approved a $300 million loan to Pakistan to further develop its capital markets, promote private investment in the country, and help to mobilise domestic resources to finance sustainable growth. According to a statement issued by the ADB, the Pakistan Stock Exchange (PSX) lacks depth in terms of the…
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ADB forecasts 4% growth rate in 2021-22: Pakistan
The Asian Development Bank (ADB) has forecasted a 4% growth in Pakistan’s Gross Domestic Product (GDP) in the years 2021 and 2022; as a result of the gradual resumption of business activities in the second year of COVID-19. According to the ADB 2021, the growth rate forecast has seen a resurgence in private investment as…
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ADB Approves $135m Loan to Upgrade Timor-Leste’s Gateway Airport
The Asian Development Bank (ADB) has approved a $135 million loan to help Timor-Leste expand the country’s gateway airport by extending the runway and constructing a new air traffic control tower with reconfiguration of relevant facilities on the airside. It will boost the safety of the airport and attract more airlines, and as a result, more…
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ECC approved technical grant for purchase of Corona vaccine
ISLAMABAD: The Economic Coordination Committee (ECC) has approved a technical grant of over Rs 50 billion for the purchase of the Corona vaccine. The ECC meeting was chaired by Finance Minister Shaukat Tareen and approved a grant of over Rs 50 billion to the Ministry of Health for the purchase of the corona vaccine, part…
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PIA Cancels Three Scheduled Flights to Kabul
Pakistan International Airlines (PIA) has cancelled Kabul to Islamabad flights that were scheduled today, August 23, 2021, because the airline did not get permission to operate flights from authorities. According to the details, the national flag carrier had planned to operate three Kabul to Islamabad flights today with one Airbus A-320 and two Boeing 777…
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EU, ADB Seek Help from PIA in Evacuating People from Kabul
The European Union (EU) has officially requested assistance from Pakistan International Airlines (PIA) for the evacuation of 420 people from Kabul to Islamabad. According to the details, Ambassador of the EU to Pakistan Androulla Kaminara in a letter to chief executive officer (CEO) PIA Air Marshal Arshad Malik has sought PIA’s assistance for the evacuation of 420…
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P&D Board holds meeting with ADB and AIIB for Punjab Sustainable Highway Development Project
Lahore: A kick-off meeting with fact finding mission comprising team of Asian Development Bank and Asian Infrastructure Investment Bank (AIIB) for “Punjab Sustainable Highway Development Project” was held under the chairmanship of Chairman Planning & Development Board Mr. Abdullah Khan Sumbal at P&D Board. The objective of the meeting was to initiate discussion…
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Balakot Hydropower Project another milestone of KP govt: Hamayatullah
Balakot Hydropower Project is another milestone of the KP government to be commenced with cooperation of the ADB
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Pakistan’s GDP can be increased 30% by bridging gender gap: ADB
ADB Country Director Pakistan, Xiaohong Yang has termed the gender inequities a significant challenge for Pakistan and its GDP