ADB $200 Million Loan to Improve Urban Services Delivery in Punjab

Islamabad, September 20, 2017 (PPI-OT):The Asian Development Bank’s (ADB) Board of Directors has approved a $200 million loan to improve urban infrastructure and urban services delivery in the two intermediate cities of Sahiwal and Sialkot in Punjab Province, enhancing the quality of life of over 1.4 million residents. “Punjab is at the heart of Pakistan’s …

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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 private sector has to fill in the same period amounts to about $38 billion. The …

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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 (ADB) officials. It will pave the way for long-term natural gas supplies that will give …

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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 of Charman, Torkham, and Wagha. “Customs operations have improved substantially since 2010, but border point …

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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 infrastructure upgrades and institutional reforms. “The main challenge in Pakistan is to deliver higher, sustained, …

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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 agriculture and prone to floods and other extreme weather related-events like the current severe heat …

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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 its energy security. “Severe power shortages remain a major constraint on Pakistan’s economy, and scaling …

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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 tribal communities to increase their farmland productivity and income. Mohammad Saleem Sethi, Secretary Economic Affairs …

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