Pakistan Could See 2021 Economic Recovery if COVID-19 Subsides, Structural Reforms Resume: ADB Report

Islamabad, September 16, 2020 (PPI-OT): Pakistan is projected to experience a broad economic recovery in fiscal year (FY) 2021 (which ends 30 June 2021) as the economic sentiment improves with the expected subsiding of the coronavirus disease (COVID-19) pandemic and the resumption of structural reforms, says an Asian Development Bank (ADB) report.
The Asian Development Outlook (ADO) Update released today revised the Read More…

Pakistan Could See 2021 Economic Recovery if COVID-19 Subsides, Structural Reforms Resume: ADB Report

Islamabad, September 16, 2020 (PPI-OT): Pakistan is projected to experience a broad economic recovery in fiscal year (FY) 2021 (which ends 30 June 2021) as the economic sentiment improves with the expected subsiding of the coronavirus disease (COVID-19) pandemic and the resumption of structural reforms, says an Asian Development Bank (ADB) report.
The Asian Development Outlook (ADO) Update released today revised the Read More…

Asian Development Bank’s COVID-19 response reaches $9.3 billion to end July 2020

Islamabad, August 05, 2020 (PPI-OT): The Asian Development Bank (ADB) committed US $9.3 billion in financial resources in the last six months since early February when it (ADB) started its initial response to support its developing member countries and the private sector to address the impact of the coronavirus disease (COVID-19) pandemic.
In addition, development partners committed $4.6 billion in co-financing, saidRead More…

ADB, Education Above All Foundation Agree to Work Together for Quality Primary Education for Out-of-School Children

Islamabad, July 09, 2020 (PPI-OT): The Asian Development Bank (ADB) and the Qatar-based Education Above All (EAA) Foundation have signed an agreement to carry out $100 million in joint projects to put out-of-school and at-risk children into quality primary education.
Signing the 5-year agreement were Director General of ADB’s Strategy, Policy, and Partnerships Department Tomoyuki Kimura and Foundation Chief ExecutiRead More…

ADB, Education Above All Foundation Agree to Work Together for Quality Primary Education for Out-of-School Children

Islamabad, July 09, 2020 (PPI-OT): The Asian Development Bank (ADB) and the Qatar-based Education Above All (EAA) Foundation have signed an agreement to carry out $100 million in joint projects to put out-of-school and at-risk children into quality primary education.
Signing the 5-year agreement were Director General of ADB’s Strategy, Policy, and Partnerships Department Tomoyuki Kimura and Foundation Chief ExecutiRead More…

Asian Development Bank $300 Million Loan to Help Mitigate COVID-19 Impacts in Pakistan

Manila, May 19, 2020 (PPI-OT): The Asian Development Bank (ADB) has approved a $300 million emergency assistance loan to strengthen Pakistan’s public health response to the novel coronavirus disease (COVID-19) pandemic and help meet the basic needs of vulnerable and poor segments of society.
“The COVID-19 pandemic is having a significant detrimental impact on the health and economic prospects of the people of PakRead More…

ADB President, Pakistan Minister of Economic Affairs Discuss Scaling Up Support to Combat COVID-19

Islamabad, April 24, 2020 (PPI-OT): Asian Development Bank (ADB) President Masatsugu Asakawa and Pakistan’s Federal Minister for Economic Affairs and ADB Governor Makhdoom Khusro Bukhtiar today discussed how ADB can scale up its support for the government’s response to the novel coronavirus disease (COVID-19) pandemic.
“The outbreak of coronavirus in Pakistan has already led to significant loss of life and liveRead More…

Asian Development Bank’s $8.32 Million Financing to Help Prepare Water Resources Management Projects in Punjab

Islamabad, April 16, 2020 (PPI-OT): The Asian Development Bank (ADB) signed an agreement today to provide $8.32 million in financing to the Government of Pakistan to enable vital preparatory work ahead of a series of major projects to enhance water availability and increase agricultural productivity in Punjab.
 
Disbursed as a Project Readiness Financing Facility for the Punjab Water Resources Management ProjectRead More…

Pakistan’s Economic Growth Faces Headwinds in 2020, Recovery in 2021

Islamabad, April 03, 2020 (PPI-OT): Economic growth in Pakistan is expected to slow to 2.6% this year due to ongoing stabilization efforts, slower growth in agriculture and the impact of the COVID-19 outbreak, before recovering to 3.2% in 2021 according to the Asian Development Bank’s (ADB) latest annual flagship economic publication, Asian Development Outlook (ADO) 2020.
 
“Pakistan’s strong and decisRead More…

Asian Development Bank approves $2 million grant for Pakistan’s fight against COVID-19

Islamabad, March 30, 2020 (PPI-OT): The Asian Development Bank (ADB) today approved a further $2 million grant to support the Government of Pakistan’s efforts to combat the coronavirus (COVID-19) pandemic in the country.
 
The grant, financed from the Asia Pacific Disaster Response Fund, will help fund the immediate purchase of emergency medical supplies, personal protective equipment, diagnostic and laboratorRead More…