Pakistan News

    Pakistan On India Development Bank

  • PAKISTAN’S CHALLENGES: SUSTAINABLE DEVELOPMENT GOALS 2015-2030: Looking inwards: the new development paradigm

    - Pakistan’s national income per capita has doubled since 1990; with income poverty declining nearly three times since 2000- The share of Foreign Direct Investment in the economy has fluctuated in the past 30 years; in 2013 it was back at the 1990 level- If Pakistan is to meet the SDGs, there is considerable scope to improve the role of partnershipsNegotiating the path towards sustainable development is not easy for any country acting...

  • Asian Development Bank warns climate change 'disastrous' for Pakistan

    A business-as-usual approach to climate change will be “disastrous “for Asia undoing much of the phenomenal economic growth that has helped it make vast inroads against poverty, the Asian Development Bank said in a report released Friday...

    Myanmar, the Philippines, Bangladesh, Vietnam, Pakistan, and Thailand are among the world's top 10 countries most affected by extreme weather events, it said...

  • Asian Development Bank vows to continue providing assistance to Pakistan

    Asian Development Bank (ADB) country director Xiaohong Yang on Tuesday assured Prime Minister Shahid Khaqan Abbasi that the bank will continue providing financial and technical assistance to the country, Radio Pakistan reported...

    The prime minister on this occasion thanked the ADB for continued support to infrastructure projects and expressed optimism that relationship will grow further as Pakistan enters high economic growth...

  • India central bank says linking national ID number to bank accounts mandatory

    MUMBAI: India’s central bank on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhar numbers, to bank accounts...

    “The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017,” it said in a statement...

  • Bahrain's Bank Alkhair gets nod to sell stake in Pakistan's Burj Bank

    Bahrain-based Bank Alkhair said on Wednesday it had received approval from the State Bank of Pakistan to sell its stake in Pakistan's Burj Bank to a subsidiary of Bahrain's Al Baraka Banking Group...

    Al Baraka, one of the Gulf's top Islamic banks, had said in September that its Pakistani unit, Al Baraka Pakistan, would merge with Burj Bank to create an institution with assets totalling more than $1...

  • Asian Development Bank fears downside risks

    ISLAMABAD: Calm has returned to Pakistan following the political uncertainty heightened by the Supreme Court’s decision to disqualify Nawaz Sharif as the prime minister, but still possible loss of momentum for making policy decisions may hamper prospects for economic growth in the country, said the Asian Development Bank in an update to its annual economic report published on Tuesday...

    The report feared that there are downside risks,...

  • Asian Development Bank to fund IT park in Karachi

    ISLAMABAD: The Asian Development Bank (ADB) will provide financing for setting up of a benchmark model information technology park in Karachi as well as help in developing a strategy for national IT parks, it was learnt here...

    The Ministry of Information Technology and Telecom has initiated institutional arrangements such as the establishment of ‘Research and Development Fund’ for ICT...

  • KP seeks Asian Development Bank's help for health sector reforms

    ISLAMABAD: The Khyber Pakhtunkhwa government has approached the Asian Development Bank (ADB) for financial assistance to support its reforms programme in the health sector, it is learnt on Saturday...

    The ADB fielded a mission to the province recently, following which the KP government asked the bank to include a project in the 2018 pipeline of the ‘Country Operation and Business Plan’...

  • Asian Development Bank calls for green financing mechanisms

    ISLAMABAD: The Asian Development Bank (ADB) has proposed the creation of national green financing vehicles to catalyse environmentally and financially sustainable infrastructure investments in Asia and the Pacific...

    3m deaths every year projected for 2010–2030 attributed to carbon intensive energy practices and corresponding health impacts; an additional annual expected 400,000–700,000 deaths from climate change; these are some of...

  • Asian Development Bank approves $300m to reform PSEs

    ISLAMABAD: The Asian Development Bank (ADB) signed a $300 million loan agreement on Thursday to support Pakistan’s efforts to implement major structural reforms and efficiency initiatives to improve the performance, transparency, and financial sustainability of the country’s federal government-run public sector enterprises (PSEs)...

    ADB Country Director for Pakistan, Xiaohong Yang and Secretary Economic Affairs Division, Tariq Mahmood...

  • More
Back to top