Tag: ADB

Pakistan will soon reach higher economic growth: ADB

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Vice President of Asian Development Bank (ADB), Wencai Zhang said Pakistan can achieve good economic status in coming years if we observe the pace of ongoing work for economic growth. “I am truly impressed by the efforts of Pakistan government to stabilize the macroeconomic indicators showed encouraging performance in the country during recent years. The […]…Read More

ADB and AFD committed to supporting Pakistan in energy crisis

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The Asian Development Bank (ADB) and the Agency Francaise de Development (AFD) has approved over $400 million in loans to support Pakistan’s efforts to offer a more reliable and secure energy sector. ADB aid of $300 million, the third such loan under the Sustainable Energy Sector Reform programme, the bank’s total financing to $1 billion […]…Read More

ADB to help fund LNG terminal

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MONITORING REPORT ISB: The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal, a special purpose company which will build Pakistan’s first liquefied natural gas (LNG) regasification terminal. "Pakistan urgently needs to utilize its existing power generation capacity fully, while reducing its reliance on costly imported diesel fuel for electricity generation," said Azim Hashimi, an investment specialist from ADB. He said that…Read More

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Buksh Foundation, ADB join hands for renewable energy

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article image STAFF REPORTER LHR: Buksh Foundation has collaborated with Asian Development Bank (ADB) under the banner of Punjab’s Off-grid Energy Access Initiative. A consultative workshop has recently been held to generate and discuss ideas that could help in ensuring energy access in Punjab. The workshop also hosted energy consultants and stakeholders from the public and private sector. The renewable and alternate energy consultants at the workshop, discussed and gave an overview of…Read More

Pakistan ranked least efficient state in ADB index

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article image STAFF REPORT ISB: Pakistan on international ranking has been ranked the second least-efficient country on the Economist Intelligence Units Creative Productivity Index. Among the 24 Asian economies covered, Pakistan is ranked 23rd when it comes to measuring efficiency in converting inputs to outputs, says the index compiled by the ADB. The Pakistan’s ranking has been determined with ix key elements particularly human capital, infrastructure, competition, firm dynamics, financial…Read More

PARC, ADB Mission discuss Basmati development

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article image STAFF REPORT IBD: Dr. Iftikhar Ahmad, Chairman PakistanAgricultural Research Council (PARC), has recently presided over a meeting with ADB Mission led by Jiangfeng Zhang and Dr. Surapong Sarkarung, an IRRI Philippines Rice Breeder, here to identify key challenges and opportunities for Basmati Rice Value Chain development in Punjab. During the meeting, various aspects of the Basmati Rice Value Chain Development,Agricultural Innovation Programme (AIP) Inception in Pakistan and role of ADB,…Read More

ADB to help Punjab develop 2000MW solar energy

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STAFF REPORT LHR: As part of the central government initiatives to overcome the energy shortfall in the country, the Punjab government has forged a partnership with the Asian Development Bank (ADB) to develop 2,000MW of solar energy in the state within two years.According to an official of the provincial government, the first solar project under the collaboration is expected to be completed within a year.A delegation of ADB has recently held a meeting with Punjab Chief Minister Shahbaz Sharif in…Read More

PARC, ADB discuss new basmati varieties

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STAFF REPORT IBD: A high-level delegation of Asian Development Bank (ADB) called on PARC Chairman Dr.Iftikhar Ahmad and discussed for developing news basmati rice varieties resistant to BLB and tolerant to flooding.The delegation was headed by Lourdes Adriano, Advisor and Practice Leader, Agriculture, Food Security and Rural Development, ADB.Dr. Iftikhar said that it would provide an opportunity to have consultation with policy makers of federal and provincial government agencies, scientists of…Read More

TeleTaleem gets $1.1m ADB grant for ICT edu

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article image STAFF REPORT KHI: TeleTaleem (Pvt.) Limited has secured a technical assistance grant of $1.1 million from the Asian Development Bank (ADB) to help boost access to quality education and vocational training in Pakistan using Information and Communication Technologies (ICT).Leveraging Pakistan’s fast growing ICT sector, TeleTaleem will provide ICT-assisted advanced learning environment to service basic education and technical education and vocational training (TEVT) segments. The company plans to…Read More

| 11m | ADB | edu | gets | grant | ICT | TeleTaleem

ADB to provide $2.9b for power

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article image STAFF REPORT IBD: The Asian Development Bank (ADB) has committed a financing facility of $2.9 billion over a medium term for the government of Pakistan to enhance power generation system in the country."Following the tight energy crises in the country, the government has approved a package of power sector reforms in order to settle this energy crisis, which is under implementation," sources closed this development said.They said that the key purpose of these reforms is to further…Read More

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