Tag Archives: ADB

New Asian Development Bank Pakistan Country Director assumes office

Islamabad, April 24, 2017 (PPI-OT): The Asian Development Bank (ADB) has appointed Xiaohong Yang as new Country Director for Pakistan. Ms. Yang, who assumed office on April 24, 2017, is the first woman to head ADB’s resident mission to the

Central Asian Countries identify $94 billion Energy Investment Needs to 2023

Islamabad, October 24, 2016 (PPI-OT):Central Asian countries have identified power investment needs of about $94 billion to 2023, according to an Asian Development Bank (ADB)-commissioned study presented at an energy forum today in Islamabad. Further, the financing gap that the

Investment Agreement signed for Turkmenistan-Afghanistan-Pakistan-India Pipeline

Ashgabat, April 07, 2016 (PPI-OT):The shareholders of the TAPI Pipeline Company Limited (TPCL) signed an Investment Agreement today in a ceremony witnessed by petroleum ministers and senior government officials of Turkmenistan, Afghanistan, Pakistan and India, and senior Asian Development Bank

Asian Development Bank loan to help improve land border point management for enhanced trade

Islamabad, December 04, 2015 (PPI-OT): The Asian Development Bank (ADB) has approved a $250 million loan to boost cross-border trade activity with its neighboring countries by reducing customs processing time for cargo and goods at the three key border points

Asian Development Bank to help Pakistan with an assistance package of $1.2 billion a year, focusing on infrastructure upgrades and institutional reforms

Manila, August 25, 2015 (PPI-OT): The Asian Development Bank (ADB) has approved a new country partnership strategy (CPS) with Pakistan for 2015-2019 with a provisional assistance package of at least $1.2 billion a year on average, which will focus on

Asian Development Bank $220 million aid to help Pakistan build hazard-resilient infrastructure

Manila, June 30, 2015 (PPI-OT): The Asian Development Bank (ADB) has approved assistance of over $220 million to help Pakistan rebuild and upgrade roads, bridges and other high-priority infrastructure damaged by the devastating 2014 floods. “Pakistan is highly dependent on

Asian Development Bank supports new clean energy private sector power project in Pakistan

Manila, May 18, 2015 (PPI-OT): The Asian Development Bank (ADB) is providing loan assistance of up to $65 million for a new private sector hydropower project in Pakistan which will continue the country’s drive to overcome power shortages, and strengthen

Asian Development Bank provides $42.9 million to boost farming in Pakistan’s tribal areas

Islamabad, April 17, 2015 (PPI-OT): The Asian Development Bank (ADB) and Pakistan today signed a loan of $42.9 million for upgrading water management and irrigation systems in Pakistan’s Federally Administered Tribal Areas (FATA), paving the way for the conflict affected