Pakistan requires $62bn to $155bn for energy sector till 2030: ADB
Power, energy sector need most significant investments. Pakistan requires $62bn to $155bn for energy sector till 2030: ADB. The Asian…
Asian Development Bank
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ADB approves $100m loan for skills training in Pakistan
The Asian Development Bank approved a $100 million loan to help improve technical and vocational education and training (TVET) in…
ADB approves $554m flood assistance package for Pakistan
“This project will help to rebuild critical infrastructure in affected areas and restore rural livelihoods,” Zhukov said. ADB approves $554m…
AIIB credits SBP account with $500m, Dar confirms
ADB’s financing will provide the fiscal space needed for the government to implement its countercyclical development expenditure package. AIIB credits…
Pakistan’s credit default swap shoots up to 92.53% amid political unrest
Five-year sovereign debt rises to highest-ever level. Pakistan’s credit default swap shoots up to 92.53% amid political unrest. The cost…
FDI in Pakistan slumps 62% to $95 million in October
Net FDI up 13% vis-a-vis $84 million in September. FDI in Pakistan slumps 62% to $95 million in October. Net…
Pakistan’s foreign exchange reserves surge to 15-week high
Forex reserves held by SBP clock in at $8,912.9m. Pakistan’s foreign exchange reserves surge to 15-week high. Pakistan’s foreign exchange…
Rupee falls as long march offsets ADB inflow impact
Rupee closes at 220.68 against dollar in interbank market. Local unit didn’t react positively to news of ADB inflows. Rupee…
ADB credits $1.5 billion to SBP’s account, Dar says
ADB says recovery from COVID-19 impeded by external shocks. ADB credits $1.5 billion to SBP’s account, Dar says. Finance Minister…
Pakistan economy to slow in FY 2023 amid strong climate headwinds: ADB
Pakistan’s economy is forecast to slow to 3.5% in fiscal year (FY) 2023. Pakistan economy to slow in FY 2023…
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