Recovery needs estimated at $16.3bn: Floods hit 33m people, caused $30bn economic losses: ADB ISLAMABAD: The floods in Pakistan impacted 33 million people, inflicted damages and economic losses exceeding $30... Updated 25 Apr, 2023 09:03am
Print ADB ready to defer Discos’ audited entity financial statements to Dec 31 ISLAMABAD: Asian Development Bank (ADB) has expressed willingness to defer Audited Entity Financial Statements ... Updated 15 Apr, 2023 08:52am
Markets Sindh decides to set up ‘SEPRA’ to end ‘energy poverty’ KARACHI: Sindh Chief Minister Syed Murad Ali Shah, presiding over a cabinet meeting at CM House, decided to ... Published 13 Apr, 2023 06:37am
Print IMF drastically cuts Pakistan’s FY23 growth forecast to 0.5pc Projects rise in inflation from 19.9 percent to 27.1 and unemployment from 6.2 percent to 7 percent Updated 12 Apr, 2023 01:04pm
Opinion Economic projections The World Bank (WB) and the Asian Development Bank (ADB) have both released economic projections of Pakistan. Both... Published 11 Apr, 2023 03:44am
Business & Finance FPCCI chief says private sector under distress KARACHI: Irfan Iqbal Sheikh, the president of FPCCI, has said that the private sector is under enormous distress and... Published 11 Apr, 2023 03:44am
Opinion The GDP growth this year The budgeted Gross Domestic Product (GDP) growth rate was an unrealistic 5 percent (10 June 2022), downgraded to 3... Updated 10 Apr, 2023 01:14pm
Editorials Import curbs exacting terrible toll on businesses EDITORIAL: The economic growth outlook is getting bleaker. Both the World Bank and the Asian Development Bank have... Published 07 Apr, 2023 06:06am
Business & Finance Average inflation projected at 27.5pc: Growth likely to decelerate to 0.6pc: ADB ISLAMABAD: Pakistan’s GDP growth is expected to decelerate significantly to 0.6 per cent in the fiscal year 2023... Published 05 Apr, 2023 06:16am
Pakistan Pakistan’s economic growth to decelerate to 0.6% in FY23: ADB Depending on a fast return to stability twinned with robust macroeconomic and structural reforms, country can bounce back: Asian Development Bank Updated 04 Apr, 2023 08:38pm
Opinion A possible way forward–II The rightsizing of the two levels of the government then needs be complemented by a move away from the direct... Published 04 Apr, 2023 03:24am
Opinion Overcoming barriers to female labour force participation–II Social and gender norms Social beliefs majorly hinder women’s engagement in paid employment in Pakistan. Women are... Published 02 Apr, 2023 03:02am
Business & Finance Public debt increases to Rs52.721trn by Dec 2022 ISLAMABAD: Pakistan’s public debt has increased to Rs 52.721 trillion by December 2022 from Rs 49.194 trillion end... Published 01 Apr, 2023 06:21am
Business & Finance ‘NTDC be stopped from scrapping tender’: Chinese firm seeks support of ADB and minister ISLAMABAD: A Chinese firm has sought support of the Asian Development Bank (ADB) and Minister for Power, Khurram... Published 31 Mar, 2023 06:45am
Business & Finance China firm wins tender to redevelop Solomon Islands port SYDNEY: The Solomon Islands has awarded a multi-million-dollar contract to a Chinese state company to upgrade an... Published 27 Mar, 2023 07:43am
Print Four key projects: ADB sends mission to ascertain complaints’ eligibility ISLAMABAD: The Asian Development Bank (ADB) has dispatched its Accountability Mission to ascertain eligibility of... Updated 27 Mar, 2023 12:09pm
Print Policy efforts, 9th review’s success: Timely external aid will be critical: IMF ISLAMABAD: Timely financial assistance from external partners will be critical to support the Pakistani authorities’... Updated 25 Mar, 2023 06:05pm
Print Clearance of SME Bank depositors’ liabilities: Rs5.557bn savings from closed ADB FMGP project loan to be used ISLAMABAD: The federal government has decided to use funds of Rs 5.557 billion savings from the closed ADB Financial... Updated 24 Mar, 2023 08:50am
Print ADB Mission says IMF’s 9/10th review should stay on track ISLAMABAD: While noting sluggish progress on two prior policy actions, an Asian Development Bank (ADB) Mission has... Updated 15 Mar, 2023 09:18am
Opinion Are we allowing CPEC to wither away? China Pakistan Economic Corridor (CPEC) was launched in 2015 when 51 agreements and Memoranda of Understanding ... Published 11 Mar, 2023 03:16am
Print ADB’s IED rates tech aid for supporting economic corridor successful, relevant ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated technical... Updated 10 Mar, 2023 08:38am
Business & Finance BoP hosts roundtable featuring ADB team, business leaders LAHORE: The Bank of Punjab (BoP) hosted a roundtable featuring a delegation of the Asian Development Bank (ADB),... Published 08 Mar, 2023 06:20am
Print SOEs: MoF prepares draft policy ISLAMABAD: Ministry of Finance (MoF) has prepared a draft State-Owned Enterprises (SOEs) policy with technical... Updated 07 Mar, 2023 08:48am
Print Jul-Jan: $6.134bn borrowed from multiple sources ISLAMABAD: The government has borrowed $6.134 billion from multiple financing sources including $1.166 billion from... Updated 03 Mar, 2023 08:52am
Pakistan $5m flood emergency grant signed with ADB ISLAMABAD: The government of Pakistan and the Asian Development Bank (ADB) on Tuesday signed grant agreement of five... Published 01 Mar, 2023 06:21am
Business & Finance ADB renews resolve to help govt deal with economic challenges ISLAMABAD: A delegation of Executive Directors of the Asian Development Bank (ADB) of Japan, China and South Korea... Published 01 Mar, 2023 06:21am
Business & Finance ADB team briefed about economic outlook ISLAMABAD: A delegation of executive directors of the Asian Development Bank (ADB) called on Federal Minister for... Updated 28 Feb, 2023 09:37am
Business & Finance Financing for WAPDA projects discussed with ADB LAHORE: A five-member delegation of the Asian Development Bank (ADB) discussed matters relating to development... Published 28 Feb, 2023 06:15am
Print Financial year 2023-24: PD submits 102 uplift projects worth Rs298.5bn ISLAMABAD: The Power Division has submitted 102 development projects for financial year 2023-24 worth Rs 298.5... Updated 28 Feb, 2023 09:38am
Business & Finance ADB team meets FBR chairman ISLAMABAD: The Asian Development Bank (ADB) mission headed by Asad Aleem, Deputy Country Director of ADB, met Asim... Published 24 Feb, 2023 06:00am