Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Asian Development Bank (ADB) in its 2014 Asian Development Outlook supplement shows Pakistani economy growing at a higher rate than projected for 2013-14 on Friday July 19, 2014. The report indicates that that economic growth in Pakistan is 4.1% which is above the forecast of 3.7% in April. The outlook also suggest reduction in the […]
It was recently reported from Islamabad that the Asian Development Bank and Pakistan have signed a loan agreement of $400 million so that the power crisis in the country can be eradicated. Pakistan has been going through energy problems for quite some time now. The people of the country find it difficult to survive during […]
Industrialization must be an essential part of the growth formula if Asian countries want to prosper and avoid the middle income trap, says a new Asian Development Bank (ADB) report. In a special chapter of Key Indicators for Asia and the Pacific 2013, its flagship annual statistical publication, ADB emphasizes that manufacturing is essential to […]
Continued tepid demand from the major industrial economies coupled with slower growth in China are weighing on the outlook for developing Asia, says a new Asian Development Bank (ADB) report. The latest Asian Development Outlook Supplement released Tuesday trimmed the 2013 growth forecast for the 45 developing member countries of ADB to 6.3% and cut its 2014 […]
The Asian Development Bank (ADB) and Pakistan Wednesday signed an agreement to invest $ 99.1 million in improving water supply, sanitation, and solid waste management facilitates of 8 smaller cities in Sindh province, the ADB said. Werner E. Liepach, ADB’s Country Director for Pakistan and Muhammad Shahzad Arbab, Secretary Economic Affairs Division (EAD), Government […]
The Supreme Court expressed astonishment over absence of record about Taquir Sadiq, saying that how could the case be heard properly if the law enforcement agencies were acting in complicity with the accused. A three-judge bench of the apex court headed by Justice Khawaja, resumed hearing the Oil and Gas Regulatory Authority (OGRA) scam […]
The Asian Development Bank (ADB) has approved a loan of $245 million for the eight distribution companies to improve power distribution system in Pakistan, the bank said Monday. The investment is part of the ongoing $810 million Power Distribution Enhancement Investment Program agreed n 2008. The multi-tranche financing facility (MFF) targets investment in […]
The Asian Development Bank (ADB) funded 56.4 megawatts wind power project Jhampir is expected to start generating electricity from next month as the implementing company has completed all necessary work in this regard. This is in addition to the project of Fauji Fertiliser Company Energy Limited (FFCEL) that is likely to become operational from […]
Federal Finance Minister Dr Abdul Hafeez Shaikh on Tuesday said that the United States will reimburse $600 million under coalition support fund (CSF) in few weeks. Speaking to a private TV channel, the finance minister said his talks with World Bank, IMF and American officials were quite effective. He further stated that during his […]
Finance Minister Hafeez Sheikh made a successful weeklong trip to the United States, convincing the United States (US), the United Kingdom (UK) and international monetary organizations to give Pakistan as much as $5.27 billion over the next four-year term. While addressing a news conference at the Pakistani Embassy in Washington (DC), Pakistani Finance Minister Hafeez […]
US signs partial waiver of restrictions against Burma Washington DC: (Tuesday, February 07, 2012) U.S. Secretary of State Hillary Rodham Clinton today signed a partial waiver of restrictions imposed on Burma under the Trafficking Victims Protection Act. This waiver will enable the United States to support assessment missions and limited technical assistance by international financial […]
Asian Development Bank issues a grant of $513 million to Pakistan for development projects Wednesday, January 18, 2012: Pakistan has signed two exclusive agreements with Asian Development Bank (ADB) according to which the country will receive a grant of $513 million for the purpose of building a new barrage and improving the deteriorating transmission systems. […]
