Latest Asian Development Bank Headlines and News updates

Romina meets ADB Climate specialist Nathan Rive

Prime Minister's coordinator on climate change and environmental coordination here on Thursday held a meeting with Asian Development Bank Mission led by senior climate change specialist Nathan A Rive

ADB operations reach 23.6 bln USD in 2023

The Asian Development Bank (ADB)'s financial and operational expenses reached 23.6 billion U.S. dollars from its own resources in 2023, including 9.8 billion dollars for climate action, to help Asia and the Pacific progress on sustainable development, according to a new ADB report released Thursday

ADB operations reach $23.6 bln in 2023, achieve record climate finance

The Asian Development Bank (ADB) committed $23.6 billion from its own resources in 2023, including $9.8 billion for climate action, to help Asia and the Pacific progress on sustainable development

KP cabinet takes decisions related to wheat procurement, health, education, power

The Khyber Pakhtunkhwa Cabinet on Wednesday met here under the chairmanship of Chief Minister Ali Amin Gandapur and took several decisions about energy production, education, food security, procurement of wheat, and sustainable development

Ch. Shafay reviews steps for promotion of technical education

Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain chaired a meeting to review the ongoing programme for the promotion of technical education with the support of Asian Development Bank (ADB), here at TEVTA Secretariat on Monday

Finance Minister address concerns of rating agencies on external side

Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Saturday addressed concerns of the rating agencies on external side, inflation, primary balance and interest rate regime

PEI organizes briefing for donors

The National Emergency Operations Center for Polio Eradication on Friday apprised the donors on the progress of polio eradication efforts in the country

New Zealand commits 25 mln USD for ADB's energy transition mechanism

The Asian Development Bank (ADB) on Friday said that New Zealand has committed 25 million U.S. dollars to the ADB Energy Transition Mechanism Partnership Trust Fund (ETMPTF) to support the shift toward clean, sustainable energy in Southeast Asia

'No criticism on Pakistan allowed in Parliament', says Minister for Information and Broadcasting, Attaullah Tarar

Minister for Information and Broadcasting, Attaullah Tarar on Friday lambasted the Opposition benches for hurling criticism against the state and warned that no criticism against the country would be allowed

International financial partners to invest $1.8 bln in KP: Advisor

Adviser to Chief Minister for Finance Muzamil Aslam on Wednesday said that international donors conference of Khyber Pakhtunkhwa with international financial organizations was held and international partners have promised to invest

Response received by PM at int'l level - a new milestone in foreign policy: Atta Tarar

Federal Minister for Information and Broadcasting Attaullah Tarar on Wednesday said that the response received by the prime minister at

Development partners unite to support growth in merged districts of KP

Khyber Pakhtunkhwa Development partners from around the world joined forces at a landmark conference hosted by the Government of Khyber Pakhtunkhwa to catalyze public investments for the advancement of the merged districts

Global financial institutions back Pakistan’s economic reforms

The pledge comes during the discussions between Pakistani delegation led by Finance Minister Muhammad Aurangzeb and the representatives of different global financial institutions.

Global FOs commit to support Pakistan’s economic initiatives

Leading global financial organizations like the World Bank (WB), Asian Development Bank (ADB) and International Finance Corporation (IFC) have assured their support for Pakistan's initiatives aimed at economic stabilization through structural reforms, digital transformation and privatization efforts

WB assures support for reforms, digitalization programmes

The World Bank (WB) has assured Pakistan of its full support for reforms and digitalization programmes to stabilize economy and enhance revenues

Punjab CM felicitates PM Shehbaz over improving economic indicators

Pakistan faces average cost of Rs136bln per annum due to natural disasters: Speakers

The Speakers at a validation session on financial flow and gap analysis of public finance for disaster preparedness and response said Pakistan faced an annual average cost of Rs136 billion due to natural disasters, necessitating a strategic shift towards anticipating their impacts rather than merely responding

Afghan kids learn in makeshift schools six months after major quake

Children sit shoulder to shoulder crammed in rows on the floor of a shipping container with lesson books in their laps, the remains of their school unrepaired in the six months since a major earthquake devastated their village in western Afghanistan

Philippines cuts GDP target to 6-7 pct for 2024

The Philippines has lowered its gross domestic product (GDP) target range to 6 to 7 percent from 6.5 to 7.5 percent for 2024, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said Thursday

DG Khan, Muzaffargarh to have water treatment plants under ADB funded project

Dera Ghazi Khan and Muzaffargarh districts would have water treatment plants installed to turn sewerage water into clean water besides other modern urban facilities to support civic life the way it thrives in big cities under a mega initiative to improve municipal services with the assistance from Asian Development Bank (ADB)

Senior Minister reviews foreign funded projects

Senior Provincial Minister Marriyum Aurangzeb said on Wednesday that on the directives of Punjab Chief Minister Maryam Nawaz, strict monitoring of development projects would be undertaken along with reviewing quality, speed and transparency for timely completion of these projects after every three months

World Water Day 2024: Call for preservation of freshwater aquifers, glaciers

Unaware of the International Water Day celebrated with a theme ‘Water for Prosperity and Peace’ today, Shahjehan Khan, (58), a poor taxi-driver continued to bring three gallons of clean drinking water on Sehri and Iftar for his family after the freshwater aquifers of his village became contaminated following the 2022 devastated floods, which inundated his entire village in Nowshera district

Finance Minister lauds ADB’s role in promoting climate-conscious programs

ADB Country Director Young Ye congratulates the Minister on staff level agreement with the IMF and states that the market has positively responded to the development.

Pakistan, ADB discuss collaboration to foster economic growth

The Country Director of the Asian Development Bank (ADB), Young Ye, here Thursday called on Minister for Finance & Revenue, Muhammad Aurangzeb to discuss ongoing collaborations and future initiatives aimed at fostering economic development in Pakistan